(SHTF Plan)—China has halted the exports of critical rare earth minerals and magnets as the trade war with the United States expands. Rare earth minerals are key to the semiconductor and auto industries worldwide, and they have come to a screeching halt amid an escalating trade war with the U.S.
China produces over 90 percent of some of the world’s most critical rare earth minerals such as yttrium, dysprosium, and terbium, and the new export restrictions sever their supply lines to users around the globe.
According to a report by The Independent, following President Donald Trump’s imposition of steep tariffs on Chinese goods, Beijing has restricted the export of seven rare earths and related materials used in the automotive, defence, and energy industries. Exporters in China are now required to apply to the Ministry of Commerce for licences, a process that could take anywhere from six or seven weeks to several months, according to sources.
One China rare earth trader, speaking on the condition of anonymity, told Reuters that: ” When my clients ask when their cargoes will be able to leave China, we give them an estimated time of 60 days, but it may actually take longer than that.”
“Nobody is getting ‘off the hook’ for the unfair trade balances and non-monetary tariff barriers that other countries have used against us, especially not China, which by far, treats us the worst!” Trump said in a post on his Truth Social platform. Trump added that he would announce the tariff rate on semiconductors next week.
“We wanted to uncomplicate it from a lot of other companies because we want to make our chips and semiconductors and other things in our country,” he said.
It is still unknown which products will gain exemptions from tariffs and which will see massive price increases. Unfortunately, everything relies on a global economic system, and tariffs will impact the cost of all goods, even those made in the United States.
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
