Joseph Wang(@josephwang):U.S. is highly, highly dependent on imported goods. Not just rare earths, but basically everything. The goods trade deficit is over $1t. Without these imports inflation would surge, and living standards plummet. That is why big talk on sanctioning China is nonsense.

Joseph Wang

@josephwang

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参加 July 2012

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Joseph Wang@josephwang

2026.08.25 12:57

U.S. is highly, highly dependent on imported goods. Not just rare earths, but basically everything. The goods trade deficit is over $1t. Without these imports inflation would surge, and living standards plummet. That is why big talk on sanctioning China is nonsense.