A Price Floor for Freedom: Beating China’s Rare-Earth Trap
When the Trump administration announced plans for a price floor on U.S.-produced rare earths, critics immediately decried it as a violation of free-market principles.
In truth, it’s closer to economic self-defense. For three decades, every attempt to rebuild America’s rare-earth industry has ended in collapse because China turned the market into a weapon.
Rare earths are the metals that make modern life possible. They’re essential for electric vehicles, jet fighters, smartphones, and wind turbines. America once led in mining and processing them. In the 1990s, China decided it wanted that dominance and used every lever of state power to get it.
The Dumping Playbook
As the Wall Street
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