Yesterday, the stock market took a dive as economists are growing increasingly worried about the consequences of President Trump's growing tensions with countries regarding trade deals. According to Politico, the White House had a difficult time getting messaging together to respond to concerns of both members of his own part along with the rest of the world. Which is worrisome to say the least.
The most damaging consequence of these potential trade disasters (non-negotiations) is the cost to the American consumer. In the video below, the real potential costs are embedded in what China controls. Earth metals are a priority for a variety of electronic products sold in the United States along with the rest of the world. China certainly has the upper hand it appears.
The most damaging consequence of these potential trade disasters (non-negotiations) is the cost to the American consumer. In the video below, the real potential costs are embedded in what China controls. Earth metals are a priority for a variety of electronic products sold in the United States along with the rest of the world. China certainly has the upper hand it appears.
A video from the show 'Velshie & Ruhle' below explains the threat of cutting off the United States from Rare Earth Metals:
Wow! Stay tuned as to the actual outcome of the trade wars being brought on by a President whose lack of understanding could have real (and dangerous) consequences to the well-being of the American consumer.
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