Is the U.S. government retaliating against China’s export ban on rare earth metals? According to The Wall Street Journal, the White House is considering a plan to restrict China’s access to cloud-computing services offered by Amazon and Microsoft. The newspaper reported that U.S. firms would need to obtain government permission before letting Chinese customers access […]
Archives for July 2023
China to issue export controls on metals critical for chips found in electric vehicles, solar panels
Will President Joe Biden and the other eco zealots declare war on China? After the latest announcement from Beijing, it would not be surprising. The Ministry of Commerce issued a statement on July 2, announcing export controls on two rare earth metals: gallium and germanium, beginning on August 1. The purpose is to “safeguard national […]
US manufacturing recession worsens as S&P Global, ISM PMIs further contract in June
The U.S. manufacturing recession is deepening, despite Bidenomics showing hundreds of billions of taxpayer dollars on the industry. The latest data to kick off the holiday-shortened trading week definitely turned some heads. But many experts say this is temporary until all the manufacturing projects come online. Plus, other countries are experiencing similar trends, from the […]