Source: New York Post
by Miranda Devine
“Most of us were blissfully unaware of one of the potentially dire consequences of the recent trade wars with China: a shortage of rare-earth magnets, which are a critical component of car engines, smartphones and military weapons systems. China’s April export ban on magnets and six rare-earth elements was payback for President Trump’s tariff hikes. It threatened to cripple automotive production lines and risk national security. China has a near-monopoly on these crucial resources, which is a frightening reality in today’s interconnected world. But two can play that game, and the Trump administration swiftly matched Chinese aggression with some potent weapons from our own trade arsenal after trade talks last month in Geneva failed to resolve the issue.” [editor’s note: Devine remains blissfully unaware of the real world – TLK] (06/11/25)