FiniteBanjoChina issues rare earth regulations to further protect domestic supply
This effectively makes all minerals the state’s property and prevents commerce with other nations who specialize in heavy machinery or electronics including: USA, UK, EU, SK, and Japan.
prevents commerce with other nations who specialize in heavy machinery or electronics
how
Previously, Beijing already started enforcing a ban on REE and related technology exports.
The new regulations include a strict database on REEs outlining when and where they were extracted all the way to where they’re exported. The laws stipulate that “no organization or person may encroach on or destroy rare-earth resources.”
So they limited supply to our industrial base?
Aint this something that WTO would handle?
A bit off topic about who is supposed to handle it, but tbh I don’t expect trade relations can get any worse with China even as a result of them banning exports of these. Certainly isn’t going to get better.
I don't see how that is off-topic. If we are having a trade issue, WTO should rule on it so every body knows what is "right"
More preferable to this escalation circle jerk IMHO.
Either way, if do chose this route, then we should call out people who blundered decades of industrial policy that got us here then.
I explained what China was doing, you asked for elaboration, I elaborated, and then you responded “but but but what about all those other countries?”
That’s off topic.