US plans to increase tariffs on rare earth metals and permanent magnets of China
2018-07-12 18:13:42 [Print]
According to the announcement issued by USTR on July 10, Washington time, US government released a plan to increase tariffs on Chinese goods valued USD200 billion. Target products included clothing, TV parts and fridge with an increased tariff of about 10%. Sino-US trade friction intensified. Asian Metal learned that rare earth metals and relevant products are in the tariff list. Details are as follows: 2805.30.00 rare-earth metals, scandium and yttrium, whether or not intermixed or interalloyed and 8505.11.00 permanent magnets and articles intended to become permanent magnets after magnetization, of metal.
Moreover, US will hold a hearing from August 20 to 23 for this plan which might take effective on August 30 after the public consultation. The trade friction does not come to an end and the core contradiction still exists.
Attachment: US's list of intended increased tariffs of USD200 billion
Moreover, US will hold a hearing from August 20 to 23 for this plan which might take effective on August 30 after the public consultation. The trade friction does not come to an end and the core contradiction still exists.
Attachment: US's list of intended increased tariffs of USD200 billion
