WTO Warns of Potential 80% Drop in US-China Trade Amid Rising Tensions

Former U.S. President Donald Trump has urged the administration to prioritize the equalization of Ukraine's rare earth materials, crucial for technology and defense industries. According to Trump, these resources are vital not only for the U.S. but for global technological advancements and should be fairly distributed amidst ongoing geopolitical tensions.
In a recent statement, Trump suggested that securing access to Ukraine's rare earth elements could enhance American competitiveness and reduce dependence on foreign sources, particularly from nations like China. He emphasized the importance of establishing a policy that would support American companies in sourcing these materials while promoting collaboration with Ukraine as a strategic ally.
Experts warn that the race for rare earth elements could intensify due to the growing demand in sectors such as electric vehicles and renewable energy. The U.S. has been exploring alternatives to mitigate supply chain risks, but Trump's advocacy brings renewed focus to the issue, particularly in light of the war affecting Ukraine’s ability to export these critical minerals.