Reported 17 days ago
An analysis warns that the escalating trade conflict between the U.S. and China could severely impact the U.S. economy, likening the potential fallout to the disruptions caused by COVID-19. If China enforces restrictions on rare earth minerals, crucial for high-tech industries, it could lead to significant economic contraction and rising inflation. Both nations are currently leveraging threats in hopes of negotiating a better position, but a miscalculation could ignite a full-blown trade war, further endangering economic stability.
Source: YAHOO