Posted on 10/10/2025 9:07:48 AM PDT by DFG
US stocks tumbled Friday after President Donald Trump threatened a massive increase in tariffs on Chinese imports.
The threat is retaliation for China's new restrictions on rare earth exports — materials vital for AI, semiconductors, defense, and high-tech industries.
The S&P 500 fell 1.7 percent, the Nasdaq dropped 2.5 percent, and the Dow Jones lost more than 500 points, as investors reacted to escalating trade tensions and uncertainty over US-China relations.
'Some very strange things are happening in China,' Trump wrote on Truth Social.
'They are becoming very hostile, and sending letters to countries throughout the world, that they want to impose export controls on each and every element of production having to do with rare earths.'
China controls roughly 70 percent of the global supply of rare earth minerals, giving it leverage over the high-tech supply chain
Trump accused Chinese president Xi Jinping of attempting 'to hold the world captive' through the 'monopoly position' on the materials critical to the AI arms race.
'A rather sinister and hostile move, to say the least,' Trump added.
'This was a real surprise, not only to me, but to all the leaders of the free world,' Trump added, noting that he had considered canceling his upcoming meeting with Xi at the APEC summit in South Korea.
China's Ministry of Commerce has said that, starting Dec. 1, foreign entities must obtain a license to export products containing more than 0.1% rare earths, or manufactured using Chinese extraction, refining, or magnet-making technology.
Trump signaled the U.S. could respond with tariffs and other countermeasures, warning that the administration is 'calculating a massive increase of tariffs on Chinese products coming into the United States.'
(Excerpt) Read more at dailymail.co.uk ...
I would expect China to do anything and everything nefarious to maintain its ill-gotten hold on trade. No surprise, really.
Not a very high “cliff”.
Down 1.16 now.
500 points? Does that constantly throughout the day. And China requiring an export license on rare earths? Sounds like the same thing we would, or may be doing, for valuable materials. This is just Trump being Trump and positioning for more gains when he meets with PandaExpress at the conference.
Ah, the Daily Fail.
I knew before I looked.
Market manipulation, this will be gone in a couple of days, just like last time
Gee, I wonder what the Footsie is doing ...
https://patriots.win/p/1ARJYGvLqD/its-a-great-day-for-liberal-tear/c
Down half as much.
So is the Footsie experiencing a half crash, Daily Fail...?
A 500 point drop on the Dow is NOT “falling off a cliff.”
Cheap fear porn drama.
Lol. How dramatic. It didn’t fall off of a cliff. It lost about 1% of its value.
China is looking out for China.
“Cliff” my butt! It’ll recoup by Tuesday
1) There is no AI arms race
2) The issue is magnets. Neodymium and Samariam. It’s not some high tech esoteric situation. It’s that motors work B(x,y,z) X I (current delta theta) = torque. B is the magnetic field. The reason there are cordless drills is that neodymium arrived in the world and very little current must be drawn from the battery to get the same torque.
Multiply this by air conditioning, alternators, refrigeration compressors, motors for diesel/electric rail.
3) The talk will be how the US will have its own source. Uh huh. BS. Not within a decade.
4) They have cheap labor. They are going to dominate this and the talk about the US holding hostage airplane maintenance parts will get laughed out.
5) China is going to win this. We will have to beg and give up a lot —— maybe even Taiwan.
Lose 50 percent the talk to me.
Oh, and this is not about the stock market.
This is about a reduction in society.
IOW, the Daily Fail. :-)
Comedy
Trump has no hand to play here.
China is controlling Chips, Rare Earth Minerals and strict Export Controls now.
It will take years to bring new Rare Earth mines on line.
China at this point really doesn’t;t care about trade with the U.S. and can live without it.
BRICS is picking up other countries who want to participate. The Yuan is now being back with gold as is the Ruble in Russia. Payments for trade are being made in Gold not the Dollar.
BRICS is moving even faster away from the Dollar as the Reserve Currency and no loner buying our Debt. So who will we sell it to? Ourselves?
So the next action by Trump will be War with Venezuela and Iran.
Trump will not get any gains with China.
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