[T]he recent back-and-forth between Washington and Beijing over rare earth minerals looks technical on the surface, but it points to a deeper shift in global leverage.
While it is true that US President Donald Trump’s statements tend to be exaggerated or even incorrect, it is also true that he often let the cat out of the bag regarding intelligence assessments.
U.S. companies, importers and retailers will bear the initial costs which most economists expect to filter through the supply chain as a cost-push inflation.