Dimitri Sevastopoulos

and its Western allies, Japan, South Korea, and a whole range of countries at the moment are still reliant on China for processing these critical rare earths and critical minerals.

Well, I think there's a couple of things that are going on. The first thing is when he basically launched an economic trade war against the whole world, initially, you know, the equity markets of stocks and shares that people have in their portfolios fell and people felt that one in their 401ks.

Well, I think there's a couple of things that are going on. The first thing is when he basically launched an economic trade war against the whole world, initially, you know, the equity markets of stocks and shares that people have in their portfolios fell and people felt that one in their 401ks.

Well, I think there's a couple of things that are going on. The first thing is when he basically launched an economic trade war against the whole world, initially, you know, the equity markets of stocks and shares that people have in their portfolios fell and people felt that one in their 401ks.

Scott Besant, the Treasury Secretary, went out on television and said, listen, it's not such a big deal because most Americans don't have everything in the market.

Scott Besant, the Treasury Secretary, went out on television and said, listen, it's not such a big deal because most Americans don't have everything in the market.

Scott Besant, the Treasury Secretary, went out on television and said, listen, it's not such a big deal because most Americans don't have everything in the market.

Americans generally hold 60% of their 401k in stocks and 40% in bonds. And overall, it's not such a big hit. Well, then all of a sudden, the bond market came under attack and bond prices started falling.

Americans generally hold 60% of their 401k in stocks and 40% in bonds. And overall, it's not such a big hit. Well, then all of a sudden, the bond market came under attack and bond prices started falling.

Americans generally hold 60% of their 401k in stocks and 40% in bonds. And overall, it's not such a big hit. Well, then all of a sudden, the bond market came under attack and bond prices started falling.

And I think there was panic in the Trump administration that this was really going to hit the average American. Their 401ks were going to be hit. And then in several weeks or months time, the prices of goods that are imported from overseas are going to go up. So you're going to have your pension go down and your month to month costs go up. So I think that was the first thing that happened.

And I think there was panic in the Trump administration that this was really going to hit the average American. Their 401ks were going to be hit. And then in several weeks or months time, the prices of goods that are imported from overseas are going to go up. So you're going to have your pension go down and your month to month costs go up. So I think that was the first thing that happened.

And I think there was panic in the Trump administration that this was really going to hit the average American. Their 401ks were going to be hit. And then in several weeks or months time, the prices of goods that are imported from overseas are going to go up. So you're going to have your pension go down and your month to month costs go up. So I think that was the first thing that happened.

The second thing that happened was there was a realization that even if 130 countries have come to Donald Trump and said we want to negotiate, which is the number the White House is putting out at the moment, the U.S. government doesn't have enough manpower across the different agencies that deal with trade to do trade negotiations with 130 countries. It's just not feasible.

The second thing that happened was there was a realization that even if 130 countries have come to Donald Trump and said we want to negotiate, which is the number the White House is putting out at the moment, the U.S. government doesn't have enough manpower across the different agencies that deal with trade to do trade negotiations with 130 countries. It's just not feasible.

The second thing that happened was there was a realization that even if 130 countries have come to Donald Trump and said we want to negotiate, which is the number the White House is putting out at the moment, the U.S. government doesn't have enough manpower across the different agencies that deal with trade to do trade negotiations with 130 countries. It's just not feasible.

I think for several reasons. One is China is a much more relatively powerful country compared to the US than it was in 2017 when Donald Trump first entered the White House. I think also the Chinese leadership feels that they have more ability to tolerate pain than in their economy. And that's not withstanding the fact that they are having economic headwinds right now. They have their own problems.

I think for several reasons. One is China is a much more relatively powerful country compared to the US than it was in 2017 when Donald Trump first entered the White House. I think also the Chinese leadership feels that they have more ability to tolerate pain than in their economy. And that's not withstanding the fact that they are having economic headwinds right now. They have their own problems.

I think for several reasons. One is China is a much more relatively powerful country compared to the US than it was in 2017 when Donald Trump first entered the White House. I think also the Chinese leadership feels that they have more ability to tolerate pain than in their economy. And that's not withstanding the fact that they are having economic headwinds right now. They have their own problems.

So it's not as if they have a lot of leeway, but I think they feel like they can tolerate the pain for now and that they can tolerate the pain for longer than the US can. And one of the reasons, which is looking at the way the Trump administration very quickly pivoted last week when the bond market started to fall.