Back in Trump's first term, when he started the First Trade War with China, some of us here shouted the alarm that China had the power to bring certain U.S. industries and companies, including defense manufacturers, to their knees, by shutting off rare earth materials. Did Dumb Ass Trump do anything about this, to secure supplies of rare earth elements and magnets outside of China prior to starting the trade wars? How about Dumb Ass Biden, who continued on with the Chinese trade war when he came to office? Hell no. In fact, the first indication that the Pentagon had even begun to stockpile certain critical minerals came a few days ago:
https://www.ft.com/content/cd5244eb-...9-71ba0fefa057
The leaders of the free world and their advisors have less sense than posters on a hooker board. That's scary.
Now China's turning the screws. No more rare earths for U.S. defense. And what's Trump's response? Well he's going to embargo cooking oil! If we can't buy their rare earth magnets, then, by damn, they can't buy our canola oil! That's surely got them quaking in their boots!
I think the tariffs suck. But if you're going to impose them, you damn sure ought to be prepared for what the other side is going to do. So far Trump's been lucky in his second term, because other countries mostly haven't responded to U.S. tariffs in kind. So trade hasn't gone into a downward spiral like after the Smoot Hawley Tariffs of 1930. But that luck may be about to come to an end.