Stock markets dropped on Trump's bellicose Truth Social post that said China is "becoming very hostile" in seeking tough export controls on rare earths.

Trump cited export controls that China imposed on rare earths from that country. Trump also threatened to cancel his upcoming meeting with Chinese President Xi Jinping because of the dispute.

  • aarch0x40@lemmy.worldEnglish
    35·
    2 days ago

    🙄 …because that tactic has been working out so well thus far. Pretty convinced it’s the only international political strategy he knows in addition to bombs.

    • Remember_the_tooth@lemmy.worldEnglish
      8·
      1 day ago

      To be fair, the tariffs are having their intended effect. They’re working quite well for the ultra wealthy for whom they were designed. The inevitable financial fallout is a problem for the future, but it doesn’t really matter because workers and consumers will be left holding the bag as usual.