“The opportunities are for Trump to get his rare earths from elsewhere other than China.” – 01:07
Patrick L. Young, Chairman and Founder of Exchange Invest, to discuss the current global landscape, highlighting ongoing developments in regions such as the Middle East, France, Japan, and the United States.
Remy and Patrick begin by examining the fragile trade truce between the U.S. and China. Patrick notes that while China has tightened checks on chip imports and imposed stricter controls on rare earth minerals, the geopolitical dynamics are shifting. He emphasizes that Trump is re-establishing a new world order, positioning the U.S. to seek rare earths from alternative sources, which could diminish China’s relevance in the global trade battle. Patrick describes the contrasting coalitions forming, with Trump leading a coalition of growth while China faces a coalition of the weak.
The conversation then shifts to France, where Remy discusses President Macron’s recent reappointment of Prime Minister Le Corneau. Patrick critiques Macron’s leadership style, likening it to a definition of insanity, as he navigates the political uncertainties and pressures to deliver a new budget to the National Assembly. Patrick expresses concern over the potential destruction of the Fifth Republic under Macron’s governance.
Next, the focus turns to Japan, where Sanae Takahichi is attempting to become the country’s first female prime minister. However, the recent breakup of the Komeito party from the LDP after 26 years raises questions about the stability of this political alliance. Patrick provides insights into Japan’s factional politics, suggesting that while the country will eventually see its first female prime minister, the path will be fraught with backdoor negotiations and political maneuvering.