Changes to the Inflation Reduction China’s dominance ( IRA ) and other legislation. Trump is likely to revise the IRA provisions to reduce the emphasis on environmental initiatives and redirect resources to developing traditional energy and mining industries.
“Disengagement” with China and dependence on foreign supply chains
This topic remains in the spotlight as the China’s dominance United States seeks to strengthen its economic China’s dominance and strategic independence, especially in the area of critical minerals that are the foundation for modern technologies and energy systems.
This topic remains in the spotlight as the United States seeks to strengthen its economic and strategic independence, especially in the area of critical minerals that are the basis for modern technologies moj data and energy systems.
China controls China’s dominance about 80% of the global supply chains for critical minerals, which has attracted the attention of many countries, such as the United States, Australia and the EU. These China’s dominance are actively trying to strengthen their own production to ensure the security of supply of strategic resources.
Trump’s approach to “disengagement” with China
Trump is proposing a tougher tariff policy than the Biden administration, imposing base global tariffs of 10-20% and increased tariffs of 60% or more on imports from China. Citi analysts estimate that a 60% tariff could reduce China’s GDP by up to 2.4%.
However, such a policy can have controversial consequences, including:
A possible response from China , which could include imposing its own sanctions or export restrictions.
The risk of stagflation is a combination of low economic growth and high inflation that can affect the global economy.
Supply chain disruptions that will affect industries what is a sandwich master’s degree that depend on critical minerals.
Priority of “reshoring” over “friendshoring”
Unlike Kamala Harris’s approach of working with allies (“friendshoring”), Trump is likely to focus on “reshoring”—bringing manufacturing back to the U.S. This would include building mines, manufacturing plants, and refineries in the United States.
While initiatives such as the Minerals Security Partnership aub directory may persist, their priority may diminish compared to policies focused on domestic production.
