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Wouldn't tariffs help a U.S. domestic rare earth mine? Unless the assumption is that China imports the majority of global rare earth production, even after bein
by Excel_Wizard 7y ago
Wouldn't tariffs help a U.S. domestic rare earth mine? Unless the assumption is that China imports the majority of global rare earth production, even after being a huge rare earth producer.
- Animats 7y agoIn response to Trump's tariffs, China imposed tariffs. So they can't export. Mountain Pass only does basic processing right now; further refining requires a plant that's still being built. So they were exporting to China. Tariffs only motivate big, long-term projects if you're sure the tariffs will be around for a while. If they're just a temporary bargaining point, building giant plants isn't a safe bet.