Something Trump said in his 60 Minutes interview should be setting off massive alarm bells

A comment in Trump’s weekend interview with 60 Minutes (transcript here) should be a huge wakeup call to every country in the world. The US is positioning itself as a global defender in China’s rare earth case, saying it wants allies to continue to be able to get rare earths, and partnering with other G7 countries to develop supply chains.

But asked about China getting Nvidia’s most-advanced chips, Trump said this:

We will let them deal with Nvidia but not in terms of the most advanced.
The most advanced, we will not let anybody have them other than the
United States.

So if you’re a British, French or Australian company that wants to compete in anything involving advanced chips, you’re out of the game. That’s not an alliance, that’s dominance.