Here’s the thing about resource based export bans: prices will go up and as a result new producers/mines will enter the market. In time, new alternatives will be found, cost of production will go down, and china will loose its comparative advantage permanently.
this post was submitted on 04 Jul 2023
62 points (98.4% liked)
World News
32160 readers
726 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
... you're supposed to cut access to those shortly before the war, to cause maximum headaches. If there's a war actually soon, then they picked the dumbest timing they possibly could. The west is in a state of partially mobilized war production, in an effort to supply Ukraine.
And US soldiers are not involved in any foreign wars for the first time in awhile. That lowers our threshold for hitting an America-fuck-yea moment significantly.
Primary Reference: https://youtu.be/LasrD6SZkZk
Haven't drank any coffee yet. Reading the title I thought this was going to effect the potato chip supply chain.
Mmm. The melt-in-your-mouth flavour of gallium.
(It melts at like 30C if you're not familiar)
Lay's BBQ chips. New and improved gallium free recipe.
USA: Sanctions China chip industry. China: Restricts some specific exports that affect the ship industry.
USA: Surprised Pikachu Face