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US's latest tax increase list for China does not contain rare earth

US's latest tax increase list for China does not contain rare earth
Issue Time:2018-09-20

Sinochem New Network News On September 17, the United States announced a 10% import tariff on 200 billion US dollars of goods originating in China. Compared with the proposed tax collection list announced by the United States in July, the tax increase list erased rare earth products. In the interview with the China Chemical Industry News reporter, the domestic rare earth industry pointed out that this shows that the United States has a high degree of dependence on China's rare earth resources, and it also shows that the strategic support position of China's rare earth industry in the high-end manufacturing field has become increasingly prominent.

There are also many people in the rare earth industry who said that the escalation of trade friction between China and the United States has raised concerns in the industry. It remains to be seen whether China will use rare earths as countermeasures or bargaining chips. This is also the focus of high-tech manufacturing in various countries.

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