Why China's ban on exports of rare minerals could cost US billions

[robosmith]

Why China's ban on exports of rare minerals could cost US billions  

First retaliation against Trump tariff plan. Trade war begins. Thanks Chump. 🤮

Quote

China has banned exports of key materials used to make a wide range of products, including smartphones, electric vehicles, radar systems and CT scanners to the United States. China swiped back at Washington after it expanded export controls to include dozens of Chinese companies that make equipment used to produce advanced computer chips, marking the latest escalation of trade tensions between two of the biggest economies in the world.
 

 

[DUI_Offender]

The sad thing is that when Trump drives the World into recession, with his ridiculous tariffs, and his minions who chose to run the country screw over most of the population, these MAGA loons will still blame Trudeau, leftists, woke, or whatever else that crosses their minds. 

[Michael Hardner]

5 hours ago, DUI_Offender said:

The sad thing is that when Trump drives the World into recession, with his ridiculous tariffs, and his minions who chose to run the country screw over most of the population, these MAGA loons will still blame Trudeau, leftists, woke, or whatever else that crosses their minds. 

Well, are the ones who voted for Brexit saying "Gee, we were wrong"?

[Legato]

3 hours ago, Michael Hardner said:

Well, are the ones who voted for Brexit saying "Gee, we were wrong"?

But they were not.

[Michael Hardner]

1 hour ago, Legato said:

But they were not.

The economy isn't doing well from what I have seen.  The analyses I have read blame Brexit.  I used conventional sources and the arguments were straightforward and as expected.  What do you have ?

[Legato]

53 minutes ago, Michael Hardner said:

The economy isn't doing well from what I have seen.  The analyses I have read blame Brexit.  I used conventional sources and the arguments were straightforward and as expected.  What do you have ?

In January 2024, my department published an overview of the benefits of Brexit, on its fourth anniversary, to the UK economy. Since the referendum, the UK economy has grown faster than those of Germany, Italy and Japan, and is equal with the French. The IMF is now predicting that the UK will have the fastest growth in the G7 in the next five years. Meanwhile, our exports have reached £870 billion, and we are well on target to reach our overall target of £1 trillion. That growth in trade is greatly assisted by our free trade agreements, now signed with 73 countries globally plus the EU

https://hansard.parliament.uk/Lords/2024-03-06/debates/200824FE-FB43-4E00-ADDB-897AC1896C48/BrexitBenefitsToEconomyAndSociety

[Michael Hardner]

1 hour ago, Legato said:

In January 2024, my department published an overview of the benefits of Brexit, on its fourth anniversary, to the UK economy. Since the referendum, the UK economy has grown faster than those of Germany, Italy and Japan, and is equal with the French. The IMF is now predicting that the UK will have the fastest growth in the G7 in the next five years. Meanwhile, our exports have reached £870 billion, and we are well on target to reach our overall target of £1 trillion. That growth in trade is greatly assisted by our free trade agreements, now signed with 73 countries globally plus the EU

https://hansard.parliament.uk/Lords/2024-03-06/debates/200824FE-FB43-4E00-ADDB-897AC1896C48/BrexitBenefitsToEconomyAndSociety

Not bad.  It looks forward but is a legit source.

It doesn't talk about what happened so far but ok.

Interesting that the populists are still unhappy...

https://www.politico.eu/article/uk-poll-vote-rejoin-eu-brexit-new-referendum-pm-keir-starmer/

Edited December 7, 2024 by Michael Hardner

[Michael Hardner]

@Legato I am taking you off ignore for educating me.

[DUI_Offender]

28 minutes ago, Michael Hardner said:

Not bad.  It looks forward but is a legit source.

It doesn't talk about what happened so far but ok.

Interesting that the populists are still unhappy...

https://www.politico.eu/article/uk-poll-vote-rejoin-eu-brexit-new-referendum-pm-keir-starmer/

Brexit deal impact in UK is worsening, warn economists

17 September 2024

Brexit red tape on British businesses has caused goods trade between the UK and EU to slump and the problem is getting worse, a study has warned.

Many smaller UK producers have given up exporting small amounts to the EU after facing more rules and regulations, a report by Aston University Business School has found.

Between 2021 and 2023, the study calculated that UK goods exports to the EU were down 27% and imported goods were 32% lower than where they would have been had Brexit not happened.

The report does not include the service sector, which has performed better than many experts had expected since Brexit.

The variety of trade export goods has also dropped, the study found, with 1,645 fewer types of British products exported to every EU country.

more: https://www.bbc.com/news/articles/cd988p00z1no

[DUI_Offender]

Brexit’s Lasting Damage Is Looking Inescapable

By almost every economic and financial measure, parting ways with the EU almost eight years ago has been disastrous for the UK. Is there no end in sight?

Leaving the European Union was unlike any event in modern British history. Institutional investors couldn't imagine a majority of Britons voting against their own interest. When they did, the shock was immediate. The pound plummeted a record 8.05% in minutes to a 31-year-low against the dollar. The toll of the June 23, 2016, referendum was more than double any of the eight worst days since 1981, and the almost 13% depreciation in less than a week remains unequaled as a UK foreign-exchange debacle.

Sterling's sudden collapse and failure to recover proved to be the signal that Britain's best days are fleeting. For most of this century, the UK was the biggest beneficiary among the 27 countries in the EU. Measured by gross domestic product, GDP per capita growth, unemployment and superior debt, equity and currency valuations, Britain was the perennial leader. All of these superlatives ended with “Brexit” almost eight years ago. The EU since then outperforms the UK, whose listless economy is now little more than an also-ran.

more: https://www.bloomberg.com/opinion/articles/2024-03-19/brexit-s-lasting-economic-and-financial-damage-looks-inescapable

[Legato]

4 minutes ago, DUI_Offender said:

Brexit’s Lasting Damage Is Looking Inescapable

By almost every economic and financial measure, parting ways with the EU almost eight years ago has been disastrous for the UK. Is there no end in sight?

Leaving the European Union was unlike any event in modern British history. Institutional investors couldn't imagine a majority of Britons voting against their own interest. When they did, the shock was immediate. The pound plummeted a record 8.05% in minutes to a 31-year-low against the dollar. The toll of the June 23, 2016, referendum was more than double any of the eight worst days since 1981, and the almost 13% depreciation in less than a week remains unequaled as a UK foreign-exchange debacle.

Sterling's sudden collapse and failure to recover proved to be the signal that Britain's best days are fleeting. For most of this century, the UK was the biggest beneficiary among the 27 countries in the EU. Measured by gross domestic product, GDP per capita growth, unemployment and superior debt, equity and currency valuations, Britain was the perennial leader. All of these superlatives ended with “Brexit” almost eight years ago. The EU since then outperforms the UK, whose listless economy is now little more than an also-ran.

more: https://www.bloomberg.com/opinion/articles/2024-03-19/brexit-s-lasting-economic-and-financial-damage-looks-inescapable

• GBP Recovery: The British Pound is rebounding, driven by strong UK economic growth, healthy labor markets, and robust retail sales, with expectations it could rise further against the Dollar, Euro, and Swiss Franc.

https://centralfx.co.uk/gbp-recovery-usd-weakness-and-eur-testing-key-levels/#:~:text=GBP Recovery%3A The British Pound,%2C Euro%2C and Swiss Franc.

[herbie]

Got a great idea.... put a tariff on them so you can't get strategic minerals from Canada either!

Doh!

[robosmith]

5 hours ago, Michael Hardner said:

Not bad.  It looks forward but is a legit source.

It doesn't talk about what happened so far but ok.

Interesting that the populists are still unhappy...

https://www.politico.eu/article/uk-poll-vote-rejoin-eu-brexit-new-referendum-pm-keir-starmer/

^This is like saying the RepublCON House committee reports are "a legit source," when they never talk about all the evidence which turned out to be LIES.