Quoted from Utesichiban:
I have a feeling many countries including the US will be reconsidering the extent and depth of manufacturing and business relationships with China after this fiasco is over. Not worth the risk but something about 1.4 billion people makes it hard for some companies to resist.
The reality is a cold war between the two countries had already started before this situation. I think this will really accelerate a deeper freeze after it's over.
Our two countries outside of business ties created by US companies have little in common politically or philosophically and a decoupling I think is inevitable.
There could be a bit of problem with a kick ass attitude. Its is called natural resources. One that China is loaded up on and we are not is Rare Earth.
Here is a list of 10 countries and their place on the list. The U.S. comes in at #7. #1 is China. For most of the natural resources the U.S. uses, we have to import them. The U.S. and Quatar holds all of the world's helium.
But was far as Rare Earth, China holds all of the cards.
https://www.cnbc.com/2019/07/10/wyoming-may-hold-key-to-the-rare-earth-minerals-trade-war-with-china.html
" America depends on China for 80% of its rare earth imports.
And what what do rare earths do?
https://geology.com/articles/rare-earth-elements/
Uses of Rare Earth Elements
Rare earth metals and alloys that contain them are used in many devices that people use every day such as computer memory, DVDs, rechargeable batteries, cell phones, catalytic converters, magnets, fluorescent lighting and much more.
During the past twenty years, there has been an explosion in demand for many items that require rare earth metals. Twenty years ago very few people owned a mobile phone, but today over 5 billion people own a mobile device. [3] The use of rare earth elements in computers has grown almost as fast as cell phones.
Critical Defense Uses
Rare earth elements play an essential role in our national defense. The military uses night-vision goggles, precision-guided weapons, communications equipment, GPS equipment, batteries, and other defense electronics. These give the United States military an enormous advantage. Rare earth metals are key ingredients for making the very hard alloys used in armored vehicles and projectiles that shatter upon impact.
Substitutes can be used for rare earth elements in some defense applications; however, those substitutes are usually not as effective and that diminishes military superiority. Several uses of rare earth elements are summarized in the accompanying table [6].
More at the link.
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https://sciencing.com/list-chinas-natural-resources-5375735.html
Mineral Resources and Raw Materials Found in China
China has extensive deposits of coal, oil and natural gas. Besides these fossil fuels, China is a top producer of aluminum, magnesium, antimony, salt, talc, barite, cement, coal, fluorspar, gold, graphite, iron, steel, lead, mercury, molybdenum, phosphate rock, rare earths, tin, tungsten, bismuth and zinc. China exports antimony, barite, rare earths, fluorspar, graphite, indium and tungsten, and it leads the world in domestic mining of gold, zinc, lead, molybdenum, iron ore and coal
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The distribution of which countries hold which resources could have had a part in why China was allowed into the WTO. I don't know this but just guessing. But China has some stuff the U.S. needs.
Who knows what the future will bring? But it could get interesting.