China’s Rare Earth Export Limits Signal Shift in Dollar Dominance
China's strategic restriction on rare earth mineral exports has ignited a debate about the declining influence of the US dollar. Macro analyst Luke Gromen argues this MOVE directly challenges the dollar's hegemony, as these minerals underpin critical electronics and defense manufacturing. The US military-industrial complex, long a pillar of dollar strength, now faces supply chain vulnerabilities.
Trade tensions escalated immediately, with former President TRUMP imposing 100% tariffs in response. Gromen draws historical parallels to Middle Eastern conflicts, suggesting resource control often precipitates geopolitical realignments. China now controls over 80% of global rare earth processing capacity—a fact Western policymakers consistently underestimate.
