Trump’s Tariff Move Exacerbates Trade War With China: Rare Earth Focus Shifts to Crypto and Markets

The trade war between the U.S. and China has entered a new, tense phase, with President Trump confirming that tariffs will escalate. Despite earlier hopes for an extension of the tariff pause, Trump’s stance hardened, targeting rare earth minerals in a move expected to trigger retaliatory action from Beijing. As relations deteriorate, markets expect further volatility driven by heightened uncertainty over trade agreements and strategic materials.