Why China’s Rare Earth Export is the main problem in trade tension with the United States Trade war

Exports of Chinese rare land elements This week is the center of trade deals with the United States.

Beijing has a virtual monopoly about the supply of critical minerals used to make everything from cars to drones and wind turbines.

At the beginning of this year, Beijing, the sector’s prevailing sector to increase the sweeping tariffs of the US President Donald Trump, to increase export controls to seven rare land and related products.

The restrictions, especially the global manufacturers who rely on the materials, especially for cars, created a headache.

In May, after the talks in Geneva, the United States and China announced the 90-day period of 90-day tat tariffs for Tat Tat tariffs, and in this process, the United States will be reduced from 145% to 10 percent and more than 125 percent of China duties.

Washington turned out to be in Jeopardy in recent weeks after the persecution of Washington to not move fast enough to reduce the restrictions in rare land exports.

After the two-day marathon talks in London, the two sides were declared a “framework” to trade the tract again on Wednesday.

Trump said that many details of the agreement are still unknown, Trump said that the Trump will see the “supply and front of the front,” said Trump.

What are the rare lands and why is it important?

Rare lands are a group of 17 elements that are important for numerous production industry.

The automotive industry has been especially trusted in rare earth magnets for steering systems, engines, brakes and many other parts.

China has long dominated the production of rare land minerals, as well as the production of related components as a rare earth.

Approximately 70 percent of the world’s rare places and about 90 percent of the supply. It also keeps general control over the supply of heavy rare lands, including China, Disprocosition and Terbium.

The Chinese had concerned over the industry for some time, but a while in April, the alarm grew up after Beijing exports control.

Restrictions Student materials and extracted products to obtain export licenses of Samaryum, Gadolinium, Terbium, Dysprosium, Lutetium, Scandium and YTTrium and required companies.

Restrictions, in February, Tungsten, Bismuth and other three “niche metal” focused on a similar action by China when placed in export control.

An agreement on rare places has a potential for manufacturers, and the details of its details are not clear.

What was the impact of export restrictions?

China’s customs data decreased by rare places in April by 37 percent in April, while the sale of rare earth magnets fell by 58 percent, Bloomberg.

In May, global rare land exports restored 23 percent after negotiations between the United States and Chinese officials in Geneva, but they are still down for a year.

The biggest excitement smokers and auto parts in the United States and Europe have continued their work with the inventory of rare earthquises.

“The automotive industry uses words such as panic. This is not something that the automotive industry is talking only and is trying to create a big confusion.

With the news of a progress, Western companies are still concerned about how their dependence on rare lands and magnets and the supply chain of China can be used against them.

The Financial Times, China’s Ministry of Trade, China, China, including Western companies, production data and customer lists, requires “to provide sensitive job information to provide magnets”.

What did the United States and China say about rare land exports?

Trump, social media platform, shared a number of information at the truth meeting, here also appealed to the concerns about rare lands and rare earth.

“We are taking a total of 55% of tariffs, China gets 10%. The attitude is excellent,” said Trump, using the duty that focuses on applications within the first term.

“Full magnets and any necessary rare land, fronty land, Front, China, China, both our colleges and universities, using our colleges and universities,” said our students “,” said Trump.

Negotiations in London, China’s Ministry of Commerce has approved a number of export licenses for unique lands and “further strengthen communication and dialogue in export control with relevant countries.”

However, this week’s state news was not an Op-ed, rare land export control, “short-term transactions” or “short-term remover” or “short-term measures” can be used for both civilian and military purposes.

Niocorp developments’ Smith, Beijing is a difficult goal in the United States, he said he was difficult to give up so strongly.

“All of the words will be a bunch, but I really think that China will take the hostage in this matter, because why not?” Said.

“They tried really hard to enter the position they came in. The world has 100 percent control over heavy rare land production. Why don’t you use?”

https://www.youtube.com/watch?v=iadp0wtqyk

Deborah Elms, President of the Trade Policy in the Hinrich Foundation in Singapore, said that rare places will be difficult to predict how to treat the negotiations, how to balance other concerns such as the export role of the deadly opioid Fentanyl.

Beijing, in turn, wants to guarantee that advanced semiconductors can enter advanced critical US technology.