After China on Oct. 9 unveiled new curbs on its exports of rare earths and other critical minerals, US President Donald Trump swiftly retaliated by threatening 100% tariffs on imports from the Asian country. The move exacerbated trade brinkmanship between Washington and Beijing and sent shock waves across financial markets. On Oct. 10, shortly after the White House proposed the sweeping levies, US equities posted their worst day in six months.
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Why the ‘TACO’ Trade Is Again Tempting Investors Amid US-China Brinkmanship
