Reported about 13 hours ago
Leland Miller, co-founder of China Beige Book International, emphasizes that the real conflict between the U.S. and China lies in the control of supply chains and critical ‘choke points’ for essential products, particularly rare earth elements. At a recent conference, he highlighted the impact of trade wars on supply chains, as China has limited exports of these minerals in response to U.S. tariffs. Miller noted that U.S. attempts to build a domestic rare earths industry have faced setbacks due to China's market dominance and suggested that the U.S. may need to shift its approach by involving government policy to protect critical industries.
Source: YAHOO