China tries to checkmate the world

02/05/2025 7 min

Listen "China tries to checkmate the world"

Episode Synopsis

Rare earth elements (REEs) are pretty much a Chinese monopoly with the country processing over 90% of what's used in the world. And in a tit-for-tat, China's using its dominant position to retaliate against Trump's tariffs. But will it cripple the world economy? In this edition of Money Order, we dive into the situation.