This is coming from the Financial Times, so this is what the serious, sane capitalists actually believe. Xi, please, you have to see what's happening, right? xi-button

Tweet: https://x.com/bonzerbarry/status/1970486686405525948

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[–] Awoo@hexbear.net 29 points 3 weeks ago (1 children)

I think he sees what's happened and international restrictions on rare earths are the strongest option they had to play.

[–] KurtVonnegut@hexbear.net 23 points 3 weeks ago (1 children)

From what I've seen, and I might be wrong, it seems like Chine backed down this week and gave America everything it wanted for nothing but a small decrease in tariffs. Rare Earth discussion was just delayed one year into the future. It looks like China leadership's plan is to double down on manufacturing and exports, even as the tariffs force them to export to Europe and neighboring Asian nations instead of the USA.

[–] Awoo@hexbear.net 22 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

No. To my knowledge the controls for rare earths were only lifted for non-military use. This was reported in the media as "rare earths restrictions lifted" but is misleading.

[–] KurtVonnegut@hexbear.net 16 points 3 weeks ago (1 children)

Thank you, serves me right for relying on mainstream lib-news for any issue related to China.

[–] Awoo@hexbear.net 15 points 3 weeks ago

I also made this mistake before another hexbear corrected