U.S. chose not cause its highly polluting. Generational damages to the environment with huge amounts of waste/chemicals, including radioactive tailings.
Trump 2.0 official thread
- Thread starter siegecrossbow
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US can't do it without being highly polluting (in addition to low purity) because US lacks the technology to do so, that's the problem.
This tells me the bond market isn’t buying what Trump is selling. We may be in a world where treasuries are being rejected. The amount of borrowing this year alone is insane. Trumps tax cuts also don’t help in the long run for the US. It’s going to ballon the debt by $10 trillion by 2035. In the next 10 years net interest alone will cost the US economy $13.8 trillion. On avg that $1.4 trillion from now until 2035. There is likely never going to be a Plaza Accords 2.0 coming.
The control that China has on the rare earth metals is not just about owning all the mines. In fact, the world outside of China has tons of some kinds of rare earth. What the Chinese have a lock on is the manufacturing process of refining the rare earth into components. Even if the mines are found in the U.S., after the rare earths are extracted, they will need to be sent to China to refine into components.
Look up how polluting the mining and processing of RE is.
Look up the chemicals used to process RE. The radioactive byproducts it produces. The waste water it generates per yield.
haha be careful you're this close to exposing how the us dumps its pollution to slave nations.
The reality is that these stupid tariffs and this whole "trade war" was never going to address the perceived imbalances in their economy. The whole worry over China manufacturing prowess comes from the fact that being dependent on China prevents the US from continuing the aggressive foreign policy it established after World War II. That policy was build not just on the stability of US financial markets, the strength of the dollar or US multi-national led institutions, but the real manufacturing and industrial expertise it possessed post World War II. If you get rid of the aggressive foreign policy, China's manufacturing dominance becomes much less of a concern since it really doesn't negatively effect the US or its consumers.
To address the perceived structural problems the US will take a comprehensive approach and maybe some of that involves very specific targeted tariffs, but certainly not a slapping tariffs on every country and expecting manufacturing to just come back overnight. Any significant change will take decades to bring to fruition. China didn't build its manufacturing base over night and the US shouldn't expect to do so either.
Stepping outside of that, it is also important to remember that the US is worlds second largest manufacturer next to China. So America is really upset and throwing global trade into disarray over being the second largest manufacturing country in the world... That is really pathetic.
To address the perceived structural problems the US will take a comprehensive approach and maybe some of that involves very specific targeted tariffs, but certainly not a slapping tariffs on every country and expecting manufacturing to just come back overnight. Any significant change will take decades to bring to fruition. China didn't build its manufacturing base over night and the US shouldn't expect to do so either.
Stepping outside of that, it is also important to remember that the US is worlds second largest manufacturer next to China. So America is really upset and throwing global trade into disarray over being the second largest manufacturing country in the world... That is really pathetic.
On the same day as the tariff announcement, multiple Chinese government departments announced that they would actually strengthen RE export oversight, so there's no change from this stance vis a vis. the US or the rest of the world at the moment.
They have made a strategic decision to control a resource which is critical to their industry. This is the price they paid. From what I heard, a great deal of the technology that sprung up on the refining of the rare earths are about reducing the pollution.