China’s sweeping new restrictions on rare earth exports has prompted angst not just in the US. Economies across Europe are also worried and pledging to push back https://t.co/7JFar6lmVx ...

Geopolitical Strategy - China's new rare earth export restrictions represent a significant move to control the global supply of these critical minerals [1] - This strategy mirrors the US approach to exert influence beyond its borders [1] Industry Impact - The restrictions mark China's first major effort to regulate the global flow of critical minerals it dominates [1]

Fiscal Policy & Economic Impact - Proposed spending cuts target SNAP and Medicaid, totaling approximately $560 billion over a decade [2] - Congressional Budget Office estimates 10.9 million fewer insured Americans due to these cuts, potentially impacting hospitals and healthcare systems [3] - Tax cuts favor the wealthy, while spending cuts disproportionately affect the poor [5] - Concerns raised about the impact on rural communities and vulnerable populations, including children reliant on Medicaid [7][8] - The bill may lead to privatization of government services and increased financial burden on states through block grants [9] Trade & Tariffs - China will impose a six-month limit on rare earth export licenses for US manufacturers [11] - US manufacturers rely on Chinese rare earth minerals for battery and auto production, creating a leverage point for China [13] - May inflation report was less than expected due to pre-tariff purchases and companies absorbing some tariff costs [16][17] - Economists anticipate that a 55% tariff against China will eventually lead to higher prices for consumers [17][18] Labor Market & Immigration - May jobs report showed a drop in the labor force, potentially reflecting fewer immigrants entering the workforce [19] - Concerns that immigration crackdown could limit job and economic growth [20] Consumer Impact - Consumers are starting to feel the impact of rising prices, particularly in rural communities with limited buying options [21][22][23]

Trade talks between US officials and Chinese officials are underway in London as the two nations look to build on a truce brokered back in May. The talks were announced last week after a long anticipated phone call between President Trump and China's Xiinping. US Treasury Secretary Scott Besson and the Commerce Secretary Howard Lutnik and trade representative Jameson Greer will meet with Chinese officials in the Monday meeting.The talks aimed to resolve issues such as rare earth exports, tariffs, and restri ...