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- Foreign companies buying rare earths from China must now pay more than twice the rate paid by companies inside China. The tiered pricing encourages companies to move factories and jobs to China, where they can be sure of supply and lower prices.
The US agricultural subsidies are pretty bad, but China makes a mockery of the WTO. The WTO doesn't seem very effective at maintaining practice of its principles.
sounds_sound · 4651 days ago · link ·
Other countries are clearly not very happy with China's abuse of WTO principles. But it sounds like the same old story to me: China will only act when others make good on their threats, but until then...