List of tariffs China has imposed on some goods from the us (rare earths)
Not long ago, the U.S. government announced that, starting from May 10, 2019, the tariff rate on goods imported from China with a list of $200 billion would be raised from 10% to 25%. In order to safeguard the multilateral trading system and safeguard their legitimate rights and interests, on May 13, the Tariff Commission of the State Council issued a notice on raising tariff rates on some imports originating in the United States.
The announcement shows that, in accordance with the laws, regulations and basic principles of international law, such as the Foreign Trade Law of the People's Republic of China, the Import and Export Tariff Regulations of the People's Republic of China, and with the approval of the Central Committee of the Party and the State Council, the Customs and Tax Commission of the State Council has decided to make a list of the $60 billion in tariff increases imposed since 10:00 on June 1, For some American goods, tariff increases will be imposed on 25% (2493 items), 20% (1078 items) or 10% (974 items) respectively. Tariffs on goods previously levied 5% tariff will continue to be levied 5% (595 items).
Following is a list of tariffs imposed by China on rare earth related commodities in the United States (rare earth part)
China's Tariff List on Rare Earth Related Commodities in the United States
Why does the United States not impose tariffs on Chinese rare earths?
Rare earth has always been the focus of Sino-US trade frictions that can not be ignored. In terms of resource endowment, China's rare earth reserves not only account for 23% of the world's total reserves, but also have the characteristics of various types and complete distribution. If levied, the United States will not find a replacement in the short term, so if we want to levy a tax on rare earth products, we will only make our situation worse.
Some opinions of netizens:
Look at the grass: Rare earth exports should immediately rise by 50%, love to buy or not to buy!
Red Jujube and Orange: Rare Earth Exports to the United States should be Banned
H030296: Punitive taxes should be increased, such as atmospheric environmental protection, recovery of mining sites and land environmental pollution. More tax rebates can be applied in China, and no or less rebates can be made for export earnings. That is to say, rare earth resources are protected, national taxes are increased, and domestic use is not affected. Rare earth is also one of the self-defense weapons in trade wars.
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