Giving China Chips Derails Trump Decoupling
The Trump administration is rightfully enacting policies to break Chinese leverage over the U.S. Especially notable was the Pentagon's recent investment in MP Materials to support America's only active rare earth mineral mine that sells to the commercial market. It is an early but critical step toward eliminating Beijing's control of elements on which civilian and military technology rely. This strategic challenge didn't develop overnight. It is the product of decades of economic engagement with China, informed by the belief that trade would reform Beijing and reinforced by U.S. companies that cared more about accessing China's market than the risks of equipping the People's Liberation Army.
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