President Xi Jinping's recent moves, particularly halting exports of rare-earth minerals, have intensified economic tensions between China and the United States. This action threatens crucial American industries, including automotive manufacturing and national defense. Furthermore, there are concerns that China might also cut off essential medical supplies, wielding significant control over America's generic drug market. Historically, similar threats have been made, with warnings issued during the COVID pandemic that highlight the potential dangers of relying on Chinese exports for critical goods and services.
China is blocking the ability of the US to get essential goods at any price.
Unlike the ongoing tit-for-tat dance between the US and its friendly trading partners over tariff levels, China's halt of minerals exports is an act of raw economic warfare.
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