Drew Bond writes in the Washington Examiner about the US-China trade war.
The trade war between the U.S. and China is turning into an MMA-style cage match. President Donald Trumpjust announced 100% tariffs on Chinese-made goods, while President Xi Jinping has slapped a near 100% ban on critical minerals from China into the U.S. Xi’s move makes the heart of the conflict clear: The ultimate winner will be the country that dominates critical minerals mining supply chains and the innovative energy that critical minerals make possible.
Critical minerals and the burgeoning field of renewable energy reliant on critical minerals are essential to winning the global race for AI dominance, building a strong national defense, spurring innovation, fueling growing cities, and curbing rising electricity prices. On each of these fronts, America can only neutralize China’s leverage and win the trade war if we accelerate energy production. That requires the government letting fossil fuels, renewables, and other advanced, mineral-dependent energies compete without picking winners and losers.
