Hey Lux - You will recall that Trump announced a $500mil deal to get US computer chip production up so it can compete with China at the beginning of his term? Personally, I thought it was a brilliant plan and decision.
Well, 72% of the rare earth minerals needed for that industry comes from China - and they have just suspended exports of rare earth minerals to the US. So, this is going to be a big hit.
Tariffs are not the only trade war weapon than can be used. Actually, surprised that China did not do this earlier.
BIT Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held
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