What is best for China is peaceful coexistence and small concessions to incentivize trade and development of the world.
What China is doing is maliciously taking everything they can get their hands on until every bridge is burned, and by the looks of it they're ramping up military production to cross the river and keep taking.
Exactly the sort of shortsighted belligerent actions you would expect from a dictatorship.
LMAO, China has been playing games with currency values and undercutting electronics manufacturers for decades.
FYI we don’t do this btw
In 1979, President Carter proposed a Trade Agreement that changed China to favored trader status with much lower tariffs across the board, and in return China agreed to a cap on textile output so as not to flood the market with cheaper goods than the USA was producing.
The 1980s saw even more favorable deals in exchange for similar restrictions as Reagan was eager to work with China.
Trade broke down in the 1990s over China committing crimes against their own people, broadcasted live across the entire world.
In 2000 President Clinton helped China enter the WTO to renew trade again.
And in return they spent the last 24 years shitting the bed, doing everything in their power to mess with any market they can, like sharks drawn to blood.
From my perspective it looks like US "spent the last 24 years shitting the bed" while enabling this behavior. Again, people who made these decisions are not held accountable.
Fuck china and all but poor leadership is primary reason why we are here... with china being a bad faith actor being no 2.
And just to remind people. "Rare Earth" materials aren't actually rare. They're common. However, they are distributed in very very low concentrations, so you have to go throw mountains worth of material to extract measurable amounts of Rare Earth materials. This is typically energy intensive and ecologically destructive, which in most of the work equals "expensive" which is why the nations of the world have been happy to shut down their own Rare Earth extractions facilities any paying China to destroy its ecology instead.
China is free to set up its restrictions on exports. Other nations are free to restart their own extraction operations (with the costs that come with it).
Sales aren't everything. China has ~44M Metric Tons of REE reserves, Vietnam 22M, Russia 21M, Brazil 21M, India 6.9M, Australia 4.2M, USA 2.4M, Greenland 1.5M.
However, specific metals out of the 17 have wildly different graphs, such as Palladium commonly used in military armored plating being produced mostly in Russia and South Africa. USA produces many times over as much Palladium as China reports.
If China's domestic use concerns are actually for military use then that's troublesome because the metals they have are more useful for automation and electronics than anything else.
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.
Previously, Beijing already started enforcing a ban on exports of 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."
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.
