A 100% tariff equates too a doubling of price, the US would still have to pay that price and import some of the more critical RE's to keep their planes flying, destroyers sailing and various other strategic assets operating. A total Trade Block would be tantamount to a declaration of real war and I doubt if the Chinese really want that. Don't forget this trade war is at Trumps behest, China will do everything they can to stop it escalating and they have far bigger cards to play if they want to before playing the REE Tariff card. The trick to winning any war is to do things that damage your opponent while minimising collateral damage, tit for tat rarely works. Trumps weapon is tariffs, China's weapon is the US National debt, US$3+T worth !!!
PM8 Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held