The US won’t benefit by treating China as an enemy

The US won’t benefit by treating China as an enemy

Rare earths were once a quiet part of global trade. Many people probably didn’t know what they were or why they mattered. That changed during the US-China trade war under the first Trump administration. Suddenly, these 17 obscure elements became headline material – not because they were new, but because they were everywhere: in electric vehicles, smartphones and weapons systems. And China controls the lion’s share of the global supply. This dominance didn’t happen by accident. China has spent...