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Raytheon CEO Explains Why China Has US Military By The Balls
[ZERO] Raytheon Chief Executive Greg Hayes admitted last week that Beijing effectively has the US military's supply chain by the balls thanks to its reliance on rare earths and other materials which come from, or are processed in, China.According to Hayes, Raytheon has "several thousand suppliers in China," because of which "decoupling ... is impossible." If you love the game, have an endless supply of taxpayer dollars but consistently lose, it is very difficult to leave the blackjack table. "We can de-risk but not decouple," he told the Financial Times, adding that he thinks this is the case "for everybody." "Think about the $500bn of trade that goes from China to the US every year. More than 95 per cent of rare earth materials or metals come from, or are processed in, China. There is no alternative," Hayes continued, adding "If we had to pull out of China, it would take us many many years to re-establish that capability either domestically or in other friendly countries."
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