Part 3/7:
Despite the financial turmoil gripping global markets, with estimates suggesting a loss of $5 trillion last week alone, President Trump remains steadfast in his belief that trade wars are advantageous. Recent comments from the President and his economic advisors suggest a focus on long-term effects rather than immediate market impacts. However, analysts warn that the reality of trade wars is often more challenging than rhetoric would imply, especially regarding the sustainability of American companies that rely on rare earth elements for innovation.