• GaryLeChat@lemmygrad.ml
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    3 days ago

    Funny how the article doesn’t say why there rare export restrictions. Seems like it would be thorough to mention that all exports cannot go to the US but also must be guaranteed to never be used in military applications.

    Big L on journalism here

  • dead [he/him]@hexbear.net
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    3 days ago

    China’s MFA was asked about rare earth minerals about 5 hours ago. Reporters pointed out that Trump’s phone call announcement mentioned a rare earth mineral deal, while the Chinese MFA’s phone call announcement did not include mention of rare earth minerals. The response from the FM seems to say that China’s rare earth mineral policy has not changed, despite what Trump has said.

    The Verge article was published before the phone call.

    AFP: Regarding the phone call yesterday between the Chinese and U.S. presidents, Donald Trump wrote that there should no longer be any questions respecting the complexity of rare earth products, but the Chinese side’s readout did not mention this topic. So can the Foreign Ministry provide more details about what was discussed between the leaders in the call specifically with regard to rare earth?

    Lin Jian: China has repeatedly made clear its position on relevant issue. I’d refer you to competent authorities for anything specific.

    Reuters: This is also to do with President Xi and President Trump’s phone call last night. Trump said after the phone call that there should no longer be any questions about rare earth. Does this mean China is now going to speed up its approvals process for rare earth and related products’ export licenses, especially to the U.S.?

    Lin Jian: I just answered this question.

    https://www.mfa.gov.cn/eng/xw/fyrbt/202506/t20250606_11642581.html

  • TreadOnMe [none/use name]@hexbear.net
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    3 days ago

    It’s actually really funny. We are increasing our plastics and cheap consumer goods manufacturing (not electronics though), and reducing our ability to create complex products to increase profits. We are literally shock doctrining ourselves.

  • PolandIsAStateOfMind@lemmygrad.ml
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    3 days ago

    “US Secretariat of Copium officially renames rare earth to Unobtanium as a part of groundbreaking program to isolate China economy internationally”

    • kristina [she/her]@hexbear.net
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      3 days ago

      I have a friend who is friends with someone looking to be an Olympic archer there and she was complaining about how most of the best bows were American and very expensive now… It’s very niche though lol. Seems most of what America exports is specialty products

      • PolandIsAStateOfMind@lemmygrad.ml
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        3 days ago

        I remember economy lecture in university where i heard that it’s easy to gauge the unequal development of countries. You just need to compare their mutual trade.

        Few days ago i seen that what US exports to China is mostly raw foods (but not even staple ones) and what it imports is mostly industrial products and electronics.