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We already agree it's putting people through the wringer, I said as much. We're going to have to agree to disagree here. The Chinese government may be willing t
by arrosenberg 1y ago
We already agree it's putting people through the wringer, I said as much. We're going to have to agree to disagree here. The Chinese government may be willing to go to the mat, but 1.3 Billion people will have something to say when their economy slows down. So will 300M Americans, but hey, that's what elections and protests are for. We all know how protests in China go.
- dchftcs 1y agoTo make fspeech's point more obvious, while the rare earth materials may only be worth billions to China over multiple years, they could destroy entire industries worth trillions of dollars over the world, and in particular US. This is less obvious for other China exports, but with the "leverage" that's mentioned, you can assume for each dollar worth of imports lost from China, US may lose more than one dollar, possibly several dollars worth of production. On top of alienating multiple other trade partners and sending them to work with China. The US is losing its guts, its intestines, its kidneys, while China may only be losing an arm or a leg, or even just some of muscle and blood.