Quote:
Originally Posted by Texas Contrarian
Shouldn't we have begun building rare earth reserve capacity a generation ago?
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No kidding. Certainly after 2010 when China temporarily cut off rare earth exports to Japan. The U.S. politicians and military had plenty of warning.
China's year on year change in exports was 8.3%, 4.3%, and 7.1% in September, August and July respectively. This would indicate the USA isn't going to attain "escalation dominance" with tariffs. I bet if the USA cuts off more high tech exports to the Chinese and they continue to cut off rare earth products to the USA, the United States will come out on the short end of the stick.
You don't play chicken if you've got a Corvette and the other guy has a Mack Truck.
