Opinion | Trump Takes the Oil in Venezuela

© Pedro Mattey/Associated Press

© Pedro Mattey/Associated Press
The far right is close to winning a state election for the first time since the second world war. A different economic approach is needed to combat it
The early autumn has become a time of foreboding and angst in German politics. In the eastern states that have become strongholds for the far-right Alternative für Deutschland (AfD) party, it has regularly made headline-grabbing advances in September elections. Only the refusal of mainstream politicians to form coalitions with one of Europe’s most extreme movements has kept it out of power.
This year, the lights are flashing red. Next weekend, when voters in Saxony-Anhalt cast their ballots, the signs are that the traditional firewall may not be enough. In polling, the AfD is currently scoring above 40% in the state, which could win it enough seats to govern on its own. Compared with the last election in 2021, its support has doubled; backing for the closest challenger, the centre-right Christian Democratic Union (CDU), has tumbled by almost 15%.
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© Photograph: Annegret Hilse/Reuters

© Photograph: Annegret Hilse/Reuters

© Photograph: Annegret Hilse/Reuters
Outsourcing the industry to China cannot continue, but Europe knows it can no longer count on the US for a solution
The alarm sounded 16 years ago. In 2010, China blocked exports of key rare earths to Japan in a row over disputed islands in the East China Sea. The critical minerals are essential to everything from advanced weaponry and iPhones to electric vehicle batteries and wind turbines, so the rest of the world took note. But it didn’t take much action. China still accounts for about 70% of rare-earth mining globally and 90% of separation and processing.
Then, last year, Beijing forced Donald Trump to back away from his trade war – not with its retaliatory tariffs, but the curbing of rare-earth exports. A scramble for new supplies began in earnest. The year-long trade truce is due to expire in November. The price of erbium, an element essential to communications infrastructure, has already jumped because of fears that export controls will soon be renewed.
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© Photograph: Imaginechina Limited/Alamy

© Photograph: Imaginechina Limited/Alamy

© Photograph: Imaginechina Limited/Alamy