I can't believe i'm saying this out loud in a public forum, but is Trump actually doing RNU a favour?
So far he has slapped 54% tariffs onto Chinese synthetic graphite, which is a win for RNU, then the Chinese retaliated with a 34% tariff on the USA. In 2024 the USA supplied 15% (according to Google) of all the pet coke China imported, so presumably that is now 34% more expensive for the synthetic graphite makers, another win for RNU.
Now Trump is saying that if China doesn't rescind the 34% tariff TODAY (8th April), then TOMORROW (9th April) he will add another 50% to Chinese tariffs. which would take them to 104%, another win for RNU.
Lets be honest, the Chinese are not famous for backing down to threats.
This trade war could be delivering the uppercut to synthetic graphite that we have been waiting for. Then next month, 19th May, the results of the ITC investigation into Chinese graphite dumping is due, could that be the knockout blow?
RNU Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
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