Reply to China Suspends Export of Critical Rare Earth Minerals

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think he went for nuclear option really fast.
I thought he was going to use rare earth minerals and antibiotics as last resort.[/quote]

Antibiotics?? [/quote]

China controls 70% global rare earth minerals and 90% processing.
China produces 90% of US antibiotics ( eg, Penicillin) and 40-50% of generic drug ingredients (APIs)
Medical Devices ( gloves, syringes, MRI components) [/quote]

And WHY is that?  Is it wrong to try and on-shore those manufacturing activities?

Covid-19 taught us that we can't be dependent on China, and yet those who oppose tariffs seem to have forgotten this.[/quote]

Both Biden and Trump have tried to advance the development of us rare earth mining and processing - Biden came from more of a green energy standpoint and Trump from more of a military might standpoint, but both acknowledged that China wielded too much power with their dominance.

https://www.everycrsreport.com/files/2020-11-24_R46618_6639173333b5877128b3af8449e1c1d88a16f327.pdf

Biden signed an EO to examine the industry in Jan 2020 and encouraged business to put in $120 billion in development.

https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2024/09/20/fact-sheet-biden-harris-administration-takes-further-action-to-strengthen-and-secure-critical-mineral-supply-chains/

And this is the way to do it -
Trump v1 and Biden encouraged investment in industry and we will see some results, but it takes many years. Punitive tariffs do not build processors and mines. Grants and subsidies do that. And that is the one of the biggest criticism of trump’s approach right now, on both sides of the aisle. [/quote]

So, as usual, Trump went about something in the dumbest and most childish way possible?

I’m shocked.[/quote]

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