$10,000.00 EV's are already resulting in 100% tariffs and we have yet to hear about China's full response.
China continues to make strides in getting all of its supplies independent of the west and this includes iron ore. Trump will dramatically escalate things as well and disrupt things big time if he gets in.
In just a few years China won't have to get any iron ore at all from Australia if it does not want to with the infrastructure in South Africa and South America both going ahead full steam.
The west on the other hand is years behind and is very dependent on China for many things.
