China controls 70% of global rare earth production and 90% of processing capacity. The U.S. military depends on Chinese rare earths for weapons systems.
Explanation
China controls 70% of rare earth mining and 90% of processing. U.S. defense contractors need rare earths for F-35 fighters, guided missiles, night vision, and communications. Pentagon reports show Chi...
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Trump announced 100% tariffs on Chinese goods. China controls 70% of global rare earth production. Who pays the tariff?
Easymultiple choiceYou are shopping for a new iPhone. It costs $999 today. China made the components. After Trump 100% tariff, what happens to the price and why?
Easyshort answerHours after announcing rare earth export controls, China announced new fees on U.S. ships docking at Chinese ports, mirroring U.S. fees on Chinese vessels.
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