399
China Just Turned Off U.S. Supplies Of Minerals Critical For Defense & Cleantech
(cleantechnica.com)
this post was submitted on 07 Apr 2025
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Technology
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It's also by far the biggest market for those materials, and a massive scale industry there. The IRA did incentivize local supply chains for many materials, but the high ROI scarcity model in US, had many announced projects cancelled, and new administration's love for fossil fuels and funding sources for tax cuts for the rich, threaten other projects. The reason projects were cancelled is that price, even after subsidy, would be horribly uncompetitive relative to China, and includes further uncompetitive processing industry requirements, that aren't usually the same expertise as a mining operation.
is something you can say only when global peace is impossible, but also when your country is the one that fully decides global peace or war. War is not a path for shared prosperity. Trade dependence can be very prosperous (PPP GDP is far more important measure than nominal). Markets usually function because sellers are not forced to hate buyers, instead of trying to usually be their friend.
Far crazier than OP high tech industry suicide, is food and apparel. 1930s Smoot-Harley tariffs didn't just amplify great depression, they directly led to global famine. Farming bankruptcies and low global trade means planting less, if surplus can't be sold anywhere. No one will import avocados or apparel this week, and that has a bigger short term impact on lives.