It only took Donald Trump to speak recklessly about China that will have a very lasting effect on the United States economy in the immediate future and years to come. He could not wait to become president again and had to put down very serious foreign traders like China, Canada and Mexico and is in a continuous war with his words. In a very ignorant move, he had to recklessly push his authority to state upcoming actions for China that he plans to tariff. But before Trump could make good on his threats and just one week ago China has upgraded bans to the United States, prior to Trump having ANY authority to push bans on China.
This time, it’s about a specific mineral that is mined in China, that normally is exported to the United States. The name of the mineral is ANTIMONY. China has imposed 100% export restrictions of this critical mineral used in military equipment and civilian technologies. China controls 48% of global antimony output and supplies 63% of U.S. imports. All of this extremely important mineral can no longer be imported from China. The price of electronics will now skyrocket. Where can the United States find the 63% of this mineral needed to produce goods that we take for granted because they always have been available in abundance? The supply and demand rule will now really take effect. With products like microchips become scarce because we will not have enough of this mineral called antimony, the prices of existing products will go up.
The ban severely impacts U.S. defense capabilities since antimony is essential for armor-piercing ammunition, night vision goggles, and precision optics. The United States currently relies on imports for 83% of its antimony needs, with only 18% met through recycling. In response, companies like Perpetua Resources are working to develop domestic production capabilities and now the United States must look elsewhere for antimony.
This mineral is used in chip technology and is required to make computer chips. Computer products in the future will become scarce, and if you manage to find a computer you want to purchase, expect to pay a higher price. So, tell me because I’m having a hard time understanding why the American people believe that Trump is great for our economy. Trump has failed as our president even before he officially becomes our president.
I mentioned about the IPhone in another previous article. Where is the IPhone made, just guess? Yes, in CHINA. Woops, here comes a price increase to purchase an iPhone, and that’s if you will be able to find one, because I can now believe that the availability of them will be drastically decreased in volume within the United States. If you can find one, you will pay more for it. China makes most of consume products that are exported around the globe, but now the United States will have to pay more for products from China, so who do you think will have to pay for these items ultimately? Yes, you guessed right again. THE AMERICAN PEOPLE. Lower economy, really? Our economy was admired by many countries around the world, and they only wished their were as good as ours. Soon, no country will be wishing their economy was like ours.
If it weren’t for the false pretense that our economy was failing, that our prices are too high and someone had to be blamed, like the current administration of Joe Biden, Donald J. Trump would have never been reelected. But in all sincerity, who must be blamed are the people who voted for this crazy rapist felon to be their president. Obviously, I did not. But I will be affected along with all the MAGA Republicans that now have to try and survive our upcoming wrecked economy because these voters put Trump in office.
It is a sad situation, but we delt our own hand and we must live with it. Just maybe he will think twice now before initiating his bans on Canada and Mexico. Is Trump getting a taste of his failure in foreign economic even before he becomes president again? You bet. The question is, does he care. It’s had to imagine that he does, because the trade war with China began in 2018 in Trump’s first term. When he imposed tariffs on China then, this is when all this started. But as ignorant as he obviously is, he had to do it again. We will feel the pain of Trump, day after day, and in just a few short weeks on January 20, 2025, the real pain will begin.
Trump claimed that he will be a dictator for a day on day one. Believe him. He will take pleasure in acting like Putin and Kim Jung-un or Hungarian Prime Minister Viktor Orban. He worships strong-men like them. He HAD a chance to become the strongest leader in the world, as the President of the United States has always been, but Donald J. Trump in his second term will prove to be the weakest on the world stage. He will eventually back down from his threats, and his tariffs paid by the American people, but by then it will be too late, because he will have successfully wrecked our economy, and we may even head straight for another depression.
It is a grim picture that I’m painting but let me elaborate just a bit further. Farmers will go bankrupt and lose their lands. They will not be able to pay back loans to banks. Banks will not survive because their clientele cannot afford to do business with them. Credit scores will drop, and more and more people will not qualify for bank loans. It’s a death spiral and it’s coming.
I surely hope that I’m wrong, but I’ve been around a while now in my life and have been a victim of the U.S. economy for too long to know when it is good and when it is bad. I cannot see one instance where the Trump economy will be good for the American people. Just watch the stock market and 401K’s. They will tell the story. Right now, the stock market and 401k’s are looking great. But, let the future be known in due time. When the American people are affected by a crash such as what we had in 2008, then they will realize how wrong they were to put this convicted felon and rapist back in office, just so he can try to save his own skin from prosecution, and the American people, not knowing that what he actually will do is try to destroy us in the process. He has nothing to lose, not another election, because Donald Trump cannot run for a third term, at least not yet. So, he’s not worried about being re-elected and he won’t watch his steps. He has the Supreme Court behind him with the immunity decision this past summer, as he can do most anything he wants too as long as it is an official duty, like putting tariffs on foreign countries, wreck the U.S. economy in the process and get away with it. He can never be prosecuted for endangering the American people when he performs official acts. So, let’s see where this goes. Will I be wrong, or will I be right? The future will tell.