Raring to Fight: The U.S. Tangles With China Over Rare Earth Exports

[MindMover]

President Obama has been talking tough about what he sees as unfair Chinese trade policy since at least this year’s State of the Union speech, when the President boasted that his Administration had brought up trade cases against China at nearly twice the rate of his predecessor. (In former President George W. Bush’s defense, there was a good three to four year stretch there when he seemed to simply forget that China existed.) When Chinese Vice President and likely future leader Xi Jinping visited the U.S. a month ago, there was some hope that the two major trade partners would be able to work out their differences—those differences being that the U.S. thinks China is giving unfair support to its exporters, and China think it’s, well, not doing that. Trade between China and the U.S. was worth nearly $400 billion in 2009, making it in the interests of both countries to work something out.

http://ecocentric.blogs.time.com/2012/03/13/raring-to-fight-the-u-s-tangles-with-china-over-rare-earth-exports/

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After reading the above article, I will suggest reading this and then maybe figure out the rest of the story....we have always been told its about oil.....ok....

http://www.scientificamerican.com/article.cfm?id=afghanistan-holds-enormous-bounty-of-rare-earths

[GeorgeGist]

1. Americans have believed that Nixon's Open Door policy ...

was about US getting into China.

I suppose it occurred to the Chinese that Open Doors also work the other way.

[BadgerKid]

2. I seem to recall a new source was found?

Off to check Slashdot....

[Zalatix]

3. It's in the interests of CHINA to work things out. If we close Nixon's door to China

it's not us that will suffer the loss of HUNDREDS of billions of dollars in exports per year.

We won't be the ones shutting down factories.

We won't be the ones losing jobs.

China can go ahead and sell off our dollars - and then we'll be exporting to the world.