The populist appeal for job creation currently dominating U.S. politics has spurred copious discussion about whether regulatory policy is responsible for the present economic condition. Although this debate centers primarily on domestic regulations, recent congressional action confirms reports that China’s economic policies, particularly its export restraints and currency manipulation, have not only increased the already significant trade deficit between the U.S. and China, but have cost approximately 2.8 million U.S. jobs. Of specific concern are China’s export quotas on Rare Earth Minerals (“REMs”).
Weatherford, Katherine. "The Real Cost of China’s Rare Earth Export Quotas on American Job Security." Sustainable Development Law & Policy 12, no. 1 (2011): 18, 55.