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Home » Transcript: Cyber Loopholes, Rare Earth Metals and Cognitive Warfare – Robert Spalding

Transcript: Cyber Loopholes, Rare Earth Metals and Cognitive Warfare – Robert Spalding

Read the full transcript of CEO of Sempre Robert Spalding in conversation with host Jan Jekielek on American Thought Leaders – The Epoch Times on “Cyber Loopholes, Rare Earth Metals and Cognitive Warfare”, premiered August 10, 2025.

Cyber Loopholes, Rare Earth Metals and Cognitive Warfare

JAN JEKIELEK: This is American Thought Leaders, and I’m Jan Jekielek. Robert Spalding, so good to have you back on American Thought Leaders.

ROBERT SPALDING: Great to be back.

JAN JEKIELEK: So we’ve interviewed multiple times over the last six years. I still remember the first time we were actually talking about rare earth and trade. In this case, it was this new trade agreement that the Trump administration, Trump 45, had made with communist China. Tell me what is happening with the Trump approach to trade and how does that connect with all sorts of different policies, including communist China?

Trump’s Evolution Through Crisis and Recognition

ROBERT SPALDING: Well, what’s interesting about interviewing back then was I think we were still in the first Trump administration and it was still pre-COVID. So you can’t just look at what the President is doing. You have to look at the evolution of the President through COVID, through the loss of the election in 2020, how his thinking has evolved, how his recognition of Washington D.C. has evolved. Because I think all of that contributes to the way he’s acting today.

I think he recognized a lot of things that are going on in our society that really were highlighted by COVID. There’s political warfare, there’s psychological warfare going on with a Communist Party in China that wants to see the downfall of the United States and uses political warfare to create hyper partisanship within the United States.

And then you have, in essence, the President learning his lesson the first time. I think what he learned was not only is the world a bad place, Washington D.C. is a bad place. And more importantly, he has to be bold, he has to be aggressive, he has to make decisions.

And I think the other thing is he surrounded himself this time with people that rather than trying to control the president – a lot of the people that were around him saying “we need to control him, we need to constrain him” – they’re actually allowing him to do the things that he does best, which is, in essence, be the chief negotiator, the chief foreign policy strategist for the United States, the chief national security strategist for the United States.

He’s doing those things, and he’s being very successful at it in ways that are throwing off the rest of the world. And I think the reason is that he had that opportunity to go and see for himself how the world is working against us, how D.C. and in many respects, New York are working with the world to undermine the United States. And how do I begin to disassemble all this?

I think it’s very scary for the establishment because they have been very comfortable in the way things have been working. But I think he’s being very successful in slowly dismantling. And the biggest thing is really trade.

JAN JEKIELEK: So what is happening with this Trump trade policy and how much is it focused on the Chinese Communist Party?

Rethinking Free Trade Dogma

ROBERT SPALDING: Well, I think the truth is it’s focused on what is the right policy for the United States, irregardless of who the trade partner is. And I think that’s the piece that I believe people are shocked about. The biggest problem people have is with “oh, we shouldn’t punish our allies like the Europeans.” And there’s no recognition of how trade policy developed. What was the rationale for why we went the free trade route?

So it’s almost like free trade is an indisputable global good, and therefore it’s an indisputable national good. And therefore anything that goes away, strays away from free trade is bad. It’s gone from doctrine to dogma.

After the end of the Cold War, there was never a look at, okay, do these things that we did post-World War II, do they continue to make sense in a national sense for the United States, from a national security perspective, or even from an economic perspective?

And even the Fed economists – these are very smart people that spend a long time in their university programs creating an economic model. They all have their own economic model that their PhD was based on, but yet there’s this one universal, absolute truth that they all agree with, which is tariffs are bad.

And I think the president, not being an Ivy League trained economist with a PhD and a model, is just taking his kind of Brooklyn, New Jersey upbringing and saying everything that we do is transactional. And actually, when you go around the world and you meet with people that aren’t Americans, there is this understanding and belief that everything’s transactional and you do everything that’s in your own best interest.

And I think that works from a personal level, but it also works from a national level. And so the bottom line is, I think we strayed into this thing that was absolutely dogma that free trade is always an absolute good. And we stopped looking at the impacts that it had, both from a national security perspective in the United States and rare earth metals, perfect example, and from a prosperity advantage to the American people.

China’s Economic Warfare Strategy

So one of the big things that I think the Chinese did so well is attack the Gini coefficient in China. They attacked this idea of wealth disparity – super poor and the super rich. Is there economic opportunity? I’ve been on factory floors, factories that have shut down because of widespread competition from China, and there’s been no response from the federal government in protecting these people.

And that allowed China to say, “look what we’re doing with the Chinese people, we’re giving them jobs.” Now they don’t care about freedom, but that’s okay because we’re giving them jobs.

And I think this is a central problem of the 21st century for Western liberal democracy – what are the kind of things that the founding fathers were looking for?