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China has a 90% control over the global rare earth market. Trump announced a
few months ago that he had a deal with China, promising unlimited rare earth
supplies for at least a year.

Just a few months later, traders are realizing that China apparently had a
different deal in mind, as there are indeed restrictions on rare earth exports
from China.

Magnet manufacturers, in particular, are noticing the restrictions China is
imposing.

What China is doing is dumping complete magnets onto the global market,
putting a real strain on foreign magnet manufacturers. China is forcing them
completely out of the market, and Trump is asleep.

How much longer will the Americans let that orange idiot ruin their economy?


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