U.S. Tariffs Escalate as China Flexes Rare Earth Leverage
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Following China’s ban on rare earth exports to the U.S. defense sector, President Donald Trump responded with 100% tariffs on Chinese goods. Gromen told TFTC podcast host Marty Bent that Western analysts underestimate China’s leverage, noting past U.S. interventions against leaders like Saddam Hussein and Muammar Gaddafi who challenged dollar dominance. This, he says, shows Beijing now has tools to reshape the balance of economic power without firing a shot.