Xi has $1.2 trillion rare earth leverage ahead of Trump visit
Geopolitics · Mining.com ·
Bloomberg Economics estimates that around 4% of US GDP — roughly $1.2 trillion — depends on industries that rely on rare earths, giving Chinese President Xi Jinping enormous economic leverage ahead of his planned summit with President Trump in Beijing next month. Most affected US industries lack viable substitutes and could face shutdowns in the event of any supply disruption.