The
Policy Circle, which is based in India, says
the US reliance on Chinese inputs spans 532 key product categories, including essential pharmaceuticals, consumer electronics, and rare earth elements — materials indispensable to defence, green tech, and digital innovation.
"Beijing knows this, and has already weaponised its control over rare earths by placing American defence and tech firms on its export control list.
When a nation controls 72% of your rare earth imports, you do not pick tariff fights unless you are ready for economic masochism.
Nor is the impact of these tariffs confined to urban industries. Farmers in Trump’s heartland — soybean growers in the Midwest, poultry producers in the South — are once again collateral damage.
These are the very people who powered Trump’s rise in 2016. And they are hurting. American soybean exports to China have never recovered from the first wave of trade wars. Chinese buyers have moved to Brazil, where the grain is cheaper and the diplomacy less abrasive."
Why Trump Could Lose His Trade War With China
Opinion1| Why Trump Could Lose His Trade War With China.
The Times Opinion columnist discusses what he thinks Trump — and American policymakers — misunderstand about China in the escalating trade war. "Credit Credit..."
https://www.nytimes.com/2025/04/15/opinion/ezra-klein-podcast-thomas-friedman.html
The New York Times in a pice by Ezra Klein in a discussion Tom Friedman: "Thinks. We’re Getting China Dangerously Wrong".
The Times Opinion columnist discusses what he thinks Trump — and American policymakers — misunderstand about China in the escalating trade war.
Peterson Institute: "The Trump admin is embarking on an economic equivalent of the Vietnam War — war of choice that will soon result in a quagmire, undermining faith at home & abroad in trustworthiness & competence of the US — & we all know how that turned out."
"Farmers in Trump’s heartland — soybean growers in the Midwest, poultry producers in the South — are once again collateral damage. These are the very people who powered Trump’s rise in 2016. And they are hurting. American soybean exports to China have never recovered from the first wave of trade wars. Chinese buyers have moved to Brazil, where the grain is cheaper and the diplomacy less abrasive."
Adam S. Posen ["When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with,” U.S. President Donald Trump famously tweeted in 2018, “trade wars are good, and easy to win.”
This week, when the Trump administration imposed tariffs of more than 100 percent on U.S. imports from China, setting off a new and even more dangerous trade war, U.S. Treasury Secretary Scott Bessent offered a similar justification:
“I think it was a big mistake, this Chinese escalation, because they’re playing with a pair of twos. What do we lose by the Chinese raising tariffs on us? We export one-fifth to them of what they export to us, so that is a losing hand for them.”
Writing in Foreign Affairs, Posen said Bessent, a billionaire and former hedge fund manager, had wrongly likened the dispute with Beijing to a game of poker in which the US held all the best cards.
Li Chenggang has been appointed China’s top international trade negotiator at the Ministry of Commerce in Beijing.

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Alan Beattiet of the FT: "Its not EU protectionism that hurts American carmakers abroad. The European Commission has long had an open offer to the US to cut all industrial goods tariffs including cars to nil, which the US has failed to take up. Still the sense of victimhood persists."
The Plutocrats "running" the US government
The current government is rule by the top 0.0001% (read as the top one ten thousandth per cent).
In January sixteen of Trump’s 25 wealthiest appointees and nominees were
members of the 0.0001%, meaning they are among the 813 billionaires in the United States, where some 341 million of the rest of us make up the 99.9999% (earning an average yearly income of about $61,000).
Trump had a chequered business career, and some of his 0.0001% cabinet picks are incompetent.
"Elon Musk’s outrageous wealth places him in a category all his own, as the world’s richest person.
By contrast, cabinet members who are mere members of the top 1% – members such as J.D. Vance, Kristi Noem, and Marco Rubio – appear almost working class, even if the wealth of each is more than triple the median income Americans earn over their entire lives ($1.7 million)."
Democrat senators also get into the 1%.
Most of the 50% poorest population live in a different world to Trump and his wealthy friends.
In 2022, the U.S. government set the poverty line in America at an annual income of $13,590 for a single person and $27,750 for a family of four.
According to the National Health Institute, the uber-rich don’t just have a more comfortable life, they have a longer one.
Their research showed that, on average, the wealthiest 1% of women live 10.1 years longer than the poorest 1%. For men, the difference was even greater, with the top 1% living 14.6 years longer than the poorest 1%.
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