Rare Earths and America/China
Rare earths is the key here. It is not 245% tariff only but Chinese have put export restrictions on rare earths. That means sooner than later the Americans will run out of them. That is when America will beg or shut down industry. One or the other. The stupidity of single source supply chain becomes clear here. Let us see what happens. America had four incompetent presidents who never even once thought that single source supply chain is bad. It’s worst example is visible now.