China has intensified its response to Donald Trump’s price offensive by imposing a commercial embargo on a wide range of minerals and essential magnets for car manufacturers, aerospace equipment manufacturers, semiconductor companies and military companies around the world. The United States would obviously be among the most affected countries if the suspension of these exports were extended.
“If the Detroit factories and elsewhere lack powerful magnets based on rare land, this could prevent them from assembling cars and other products with electric motors that require these magnets,” commented the New York Times In an article on the subject (free link). “Companies do not all have the same emergency stocks to deal with such possibilities, so it is difficult to predict the moment when production will be interrupted. »»
But the message is clear: in the trade war he sparked, Trump is far from having all the cards, to use an image he likes.
(Photo Getty Images)
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