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Most of the minerals the U.S. had originally targeted for tariffs were on a list of 35 minerals published by the U.S. Department of the Interior in May that were deemed critical to the country’s security and economic prosperity. Rare earth metals and their compounds, as well as mixtures of rare earth oxides or chlorides, were all included on a provisional list of tariffs on Chinese goods unveiled by the Office of the U.S. Trade Representative (USTR) in July. However, the final list released on Monday does not mention rare earths, a group of 15 lanthanide metallic elements plus the metals scandium and yttrium. The latest tariffs will go into effect on Sept. 24 at a rate of 10 percent.
Permanent metal magnets and articles intended to become permanent magnets, which could include rare earth oxides neodymium and praseodymium, also dropped off the list, That category accounted for $191.2 million of imports in 2017, according to the USTR, The United States is aware of the strategic importance of rare earth metals as illustrated by a U.S, law passed last month gray mother of pearl octagon with antique border stud set cufflinks that bans the purchase of rare earth magnets from China for the military in the 2019 fiscal year, said Dylan Kelly, a resources analyst at brokerage CLSA in Sydney..
The law “clearly highlighted how exposed the nation was to any kind of disruption to the Chinese supply chain,” said Kelly. U.S. politicians “should be very aware of the corner they have pinned themselves into.”. Whether the Chinese will retaliate and use rare earths as a bargaining chip or “strategic lever” in future talks with the United States remains to be seen, Kelly said. “But obviously that’s where a lot of investors have focused their attention.”.
Some minor metals used in high-tech industries, such as bismuth, titanium and cobalt, gray mother of pearl octagon with antique border stud set cufflinks are still on the tariff list, However, barite and antimony are not included in the new tariffs, Antimony, along with antimony oxide, made up $108.5 million of imports from China last year, according to USTR data, Natural graphite, which is used in steelmaking and lithium-ion batteries, also won a reprieve, Tungsten, used to harden steel, now only features in 11 categories on the final tariff list, half the original number..
SHANGHAI (Reuters) - Alibaba (BABA.N) chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be “a mess” for all parties involved, citing weak trade rules. Ma was speaking at an Alibaba investor conference hours after Washington said it would impose duties on an extra $200 billion worth of Chinese imports, drawing a warning from Beijing that it would retaliate. Ma said trade tensions would likely impact Chinese and foreign companies immediately and negatively. He predicted that Chinese businesses would move production to other countries in the medium-term to get around the tariffs.
“You may win the battle, but you lose the war,” Ma said at the shareholder event in Hangzhou, “Middle term, a lot of Chinese business will move to other countries,” he added, Ma said new trade rules were needed over the longterm, “Even if Donald Trump retired, the new president will come, it will still continue..We need new trade rules, we need to upgrade the WTO,” he said, referring to the World Trade Organization, Ma made the comments in what he said was his last speech to shareholders as chairman of the Chinese gray mother of pearl octagon with antique border stud set cufflinks internet giant..
BERLIN (Reuters) - The escalation of the trade conflict between the United States and China is very concerning and will affect German firms, Germany’s BDI industry association said on Tuesday after the U.S. imposed further tariffs on Chinese imports. China said on Tuesday it had no choice but to retaliate against new U.S. trade tariffs after U.S. President Donald Trump said he was imposing 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China retaliated against the U.S. action.
BEIJING (Reuters) - China’s commerce ministry said on Tuesday that it has filed a complaint to the World Trade Organization against the United States’ planned import tariffs on $200 billion worth of Chinese goods, The Trump administration on Monday said it would levy tariffs of 10 percent on the Chinese products starting Sept, 24, marking the latest escalation in an increasingly protracted trade dispute between the world’s gray mother of pearl octagon with antique border stud set cufflinks two largest economies, China on Tuesday said it would retaliate but has not yet specified what steps it will take..