China is sort of doing the same thing with its contemplation of export controls of rare earths and the like.
The British empire tried to enforce no home-grown industries in certain industries among its colonies by law and by dumping or taxes. Didn't work out so well for either the UK or the colonies. This sort of forced competition through export controls may be for the best all around in the long-term.
The British empire tried to enforce no home-grown industries in certain industries among its colonies by law and by dumping or taxes. Didn't work out so well for either the UK or the colonies. This sort of forced competition through export controls may be for the best all around in the long-term.