Vassal state of the USA, Australia, ordered six Chinese-linked investors to exit their investments in a rare earth company.
This seems retaliatory by Australia after the USA came away empty handed from a meeting with China last week.
Trump fucked around with the global trade system….now he’s finding out. FAFO magnifies.
Rich countries used to getting their own way have met their match. About time.
Instead of cheating (Australia’s retaliation seems like cheating, bullying) they should try some good old fashioned fair competition.
That’s my hot take….subject to adjustment.
Bloomberg:
