Check this out: the more things change, the more they stay the same. We have another paleo arguing that, if only wage scales were equalized between China and the United States (by implication: with tariffs), we could restore rare earth production and processing in the U.S.
Just keeping it old-school sonny. The definition of insanity is doing the same thing repeatedly and expecting a different result.
The Chicoms have been out-dueling us...for years now.
Commodities, manufacturing, agriculture, and closing in now military-wise...etc, etc...
IMO...of course.
Funny thing is that we hear that a lot. Never mind how all manufacturing would take a serious hit from price hikes in rare earths --then again the paleos' solution to mfgr employment is [I swear I'm not making this up] lowering productivity.
At least there one Chinese product the paleos don't mind buying in quantity: GOLD!