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Yemen.DoomYoshi wrote:Trivia Time: What's the only place worse than North Korea?
https://www.bbc.co.uk/news/world-asia-48366074"China is seriously considering restricting rare earth exports to the US," tweeted the editor of Chinese state-run Global Times this week.
Around 80% of the rare earths imported by the United States comes from China, according to US government data.
Estonia, France and Japan also supply processed rare earths to the US, but the original ore comes from China.
The one rare earth mine operating in the United States sends its ore to China for processing - and already faces a 25% import tariff imposed by China.
The restriction of exports to the United States, if enforced, could have a major impact on major US industries worth trillions of dollars that rely on rare earth minerals.
You are asking wrong question... The correct one: Can US withstand a taste of its own medicine? And the answer is... Nomrswdk wrote:America likes to punish ordinary Iranian and North Korean people with economic sanctions, and attack Chinese and European companies out of naked protectionism. How will the bully feel when it gets a taste of its own medicine?
They probably can. It's likely the reason they restarted their own little bit of rare earth mining. The ones who would struggle is their private sector. This being said, China is playing an equally dangerous game as the USA right now. Google basically screwed the future of the Android OS in China, but China threatening to cut the US off of rare earths could hold the same effect. The whole world could start reopening their rare earth mines, thereby weakening China's influence globally.GoranZ wrote:Can US defense industry survive the Chinese "nuclear" response? China could use rare earth metals embargo to land killer blow on US defense industry
Maybe the first Rare Earth Metal refinery in the USA. Because multiple countries already have such refineries.HitRed wrote:Texas is building the first Rare Earth Metal refinery outside China.
I would also like to state that most Rare Earths aren't rare. Just not found in mine-able quantities.
I can not agree that the whole world can restart their mines for extraction of rare earth metals. The issue is that although there are location outside of China they are very expensive for mining. At the moment China has monopoly over mining of rare earth metals because they are mining for the whole world.waauw wrote:They probably can. It's likely the reason they restarted their own little bit of rare earth mining. The ones who would struggle is their private sector. This being said, China is playing an equally dangerous game as the USA right now. Google basically screwed the future of the Android OS in China, but China threatening to cut the US off of rare earths could hold the same effect. The whole world could start reopening their rare earth mines, thereby weakening China's influence globally.GoranZ wrote:Can US defense industry survive the Chinese "nuclear" response? China could use rare earth metals embargo to land killer blow on US defense industry
I dont think this will happen. US sanctions towards China, EU, Mexico, Russia and good part of the world are marking the end of globalization as we know it. The same globalization that rebuilded the world after WWII.waauw wrote:Both sides need to come back to the table and stop escalating. The global economy is going to plunge into recession.
Costs can be overcome. The USA has plenty mineable rare earths in its soil. If ever China were to cut anybody off, prices would skyrocket, making many deposits suddenly financially feasible. And even if prices were not to rise, I'm willing to bet Washington is willing to mine these metals at a loss if national security were at stake. If China had thought it could just waltz through the American military by just cutting them off from REE's, they would've done so a long time ago.GoranZ wrote:I can not agree that the whole world can restart their mines for extraction of rare earth metals. The issue is that although there are location outside of China they are very expensive for mining. At the moment China has monopoly over mining of rare earth metals because they are mining for the whole world.waauw wrote:They probably can. It's likely the reason they restarted their own little bit of rare earth mining. The ones who would struggle is their private sector. This being said, China is playing an equally dangerous game as the USA right now. Google basically screwed the future of the Android OS in China, but China threatening to cut the US off of rare earths could hold the same effect. The whole world could start reopening their rare earth mines, thereby weakening China's influence globally.GoranZ wrote:Can US defense industry survive the Chinese "nuclear" response? China could use rare earth metals embargo to land killer blow on US defense industry
So US can restart their mines but at what price will they mine them? Math is still on Chinese side
Russia is fucked if the world goes into recession. It already has economic issues and its dependence on oil and gas would add to that. Commodities are highly cyclical and Russia lacks the technology to mine many of its deposits. Putin might boast about military this, military that, but in the end he has withdrawn a lot of his previous renovation plans because Russia simply didn't have the financial means of renovating their entire military. Their new high-grade military techs are worthless if they can't afford to build them on a mass scale.GoranZ wrote:I dont think this will happen. US sanctions towards China, EU, Mexico, Russia and good part of the world are marking the end of globalization as we know it. The same globalization that rebuilded the world after WWII.waauw wrote:Both sides need to come back to the table and stop escalating. The global economy is going to plunge into recession.
But if the world goes into recession US wont come out on top. China might tho. And the Russians are preparing for the next global recession for some time... Clever Putin
Looks like someone set Bern's policy statements to '1950'. Can we do a factory restart on him?Bernie Sanders wrote:Trade war will hurt everyone, but China will suffer the worst with sky high unemployment. This will result in unrest and a possible regime change.
As seen in Russia Putin is still there, be sure the same will happen with China.Bernie Sanders wrote:Trade war will hurt everyone, but China will suffer the worst with sky high unemployment. This will result in unrest and a possible regime change.
The shrill talking heads in Western media have predicted that the Chinese government is on the verge of collapse pretty much every year for the last three decades. So far they've been wrong every year to date. The Chinese government, and political system more generally, do actually have pretty widespread support among the general population (check out page 41 of this Edelman Trust Barometer report), and there are a whole host of reasons why:jimboston wrote:I do however feel confident that neither political system is very stable relative to our own.
I wouldn't count on it... much as I wish he was bluffing, so far he's been calling down to the river because he thinks he has the best hand. I think the larger question is who actually has the best hand. Jury very much out on that one IMOGoranZ wrote:Will he dare?
Trump Threatens China With New Tariffs Worth $300 Billion
I think he is bluffing
WILLIAMS5232 wrote: as far as dukasaur goes, i had no idea you were so goofy. i mean, you hate your parents so much you'd wish they'd been shot? just move out bro.