On top of that, China has cut off six critical rare earth minerals—essential for building everything from cars and drones to missiles and semiconductors.
Early signs point to a full-scale trade war.
While some exemptions still cover items like smartphones and chips, a 20% pre-existing tariff remains on many critical electronics.
Higher import costs could also fuel inflation, slashing consumer spending and slowing business investment.
On a related note, most people don’t realize how little that “Made in [insert country]” label actually means. A recent video highlights just how misleading that really is.
Take a look. The truth might shock you.