The usa pissed off China so much they basically said “fuck all yall” 😭
That‘s their default, though. It’s not the first time they‘re acting up as an unreliable business partner. I mean they bought all those rare earth mines across the globe for a reason and it‘s not to just stick it to the USA. They‘re both bullies.
They’re both bullies.
Great analogy. China and the US are the Kaiju, and the rest of the world are the people living in the cities we fight in.
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China has been doing this for years.
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From 2011:
That’s because China now controls over 95% of the world’s supplies of rare earth metals, and has placed curbs on rare earth exports, creating a resource stranglehold. China slashed export quotas by 72% in the second half of last year, and imposed a further 35% cut in the first half of 2011 from the year-ago level. As a result prices for some rare earths have jumped more than 1,000%.
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China has been playing a long game with rare earth metals. You asked a specific question, the answer of which wouldn’t really explain anything. I gave you a longer answer that gives a fuller picture.
Trump and company were fools to trigger China like this.
Most retailers have announced price hikes across the globe. I had hoped EU would actually get cheaper electronics and whatnot because of dumping. Oh well. Guess this 7 year old pc is going to have to sing it out for a few years longer at this rate.
I’m just glad that as I get older I’m more content with simple things. I’d be ok giving up most tech things and I say that while working in IT myself.
no one hates new tech like IT guys
To the hoardening!
I guess so, but to what end?
Are they expecting a global inflation given tariffs?
