Reuters: G7 and the EU are considering setting a minimum price for rare earths and contemplating tariffs on certain Chinese export products.
[Witty] Comment: It's as absurd for the G7 to try to set a price for rare earths as it would be for a eunuch to set a price for Indian oil. Rare earths are the lifeline of industry, and China controls 70% of the global production, not through price manipulation, but through technological barriers and industrial advantages. The G7, on one hand, imposes tariffs on Chinese products, and on the other hand, tries to set a price for rare earths, which actually reveals its planned economy thinking - wanting to protect its domestic industries with tariff barriers, while also trying to control resource prices through administrative means, which is completely contrary to the so-called "free market" principles.
Original: www.toutiao.com/article/1844187571136520/
Statement: This article represents the views of the author himself.