I'm not convinced a rare earth embargo is on the ballot. We've heard of this Arlésienne maybe six or seven times since the trade war. It always failed to materialize. And it backfired the last time they tried this on Japan. But 2010 was a different world. Rare Earth Observer reports that deliveries of F-35 fifth-generation fighters stopped because Honeywell's supplied it with magnets from China. The Bidden-Harris plans to secure rare earth follow an overarching strategy, so there's an implicit recognition that things could go wrong on this front.