r/worldnews • u/Significant-Colour • 1d ago

China strikes back at Trump with 34 percent tariff — bans rare earth exports to the U.S.

https://www.tomshardware.com/tech-industry/china-strikes-back-on-trump-tariffs-bans-rare-earth-exports-to-the-u-s
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u/k_ironheart 1d ago

Trump Recession 2.0

This may very well turn into a Trump DEPRESSION. I don't think people appreciate just how terrible and disastrous this all is.

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u/LikeADemonsWhisper 1d ago

Even the people who do understand simply cannot comprehend the suffering they shall endure.

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u/Zombatico 1d ago

Ayep. Last 2 times we tariffed this hard, we either started or worsened a depression.

And not just that, Trump is working hard to isolate us from the world economically, socially, and militarily. I will not be surprised if the US dollar gets replaced by the Euro or Yuan as the global reserve currency. The USD has only been the reserve currency since the 1950s, it was the British pound before that.