The United States has again decided not to impose tariffs on rare earths and oth...
BEIJING - The United States has again decided not to impose tariffs on rare earths and other critical minerals from China, underscoring its reliance on the Asian nation for a group of materials used in everything from consumer electronics to military equipment.
Beijing, however, is set to raise tariffs on around $60 billion in U.S. goods, including rare earth ores, hitting back at a tariff hike by Washington on $200 billion of Chinese goods in the bitter trade dispute. “These materials are critical to U.S. industry and defense, and with nowhere else to turn for supplies in the near-term, the tariffs would invoke more suffering on U.S. end-users than China,” said Ryan Castilloux, managing director of consultancy Adamas Intelligence, in an e-mail.
Rare earths were in a list of 35 minerals deemed critical to U.S. security and economic prosperity published one year ago. Most of these 35 minerals are now subject to the U.S. tariffs on Chinese goods, but rare earths, antimony - used in batteries and flame retardant - helium and natural graphite are not.
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