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China hits back in trade war with US [Copy link] 中文

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Post time 2019-5-14 10:33:57 |Display all floors
China has decided to impose tariffs of 25 percent, 20 percent and 10 percent on certain U.S. products starting June 1, just three days after the US more than doubled tariffs on $200bn of Chinese imports.

The tariffs will be targeting U.S. goods worth 60 billion U.S. dollars, the statement said, adding that the products under five-percent tariff cap would not be affected by this round of tariffs.

With Trump's escalating trade war, could the talks break off without a deal? What would happen if the two countries don't reach an agreement?


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Post time 2019-5-14 12:36:39 |Display all floors
China's tariffs hit the US farmers, and Trump tariffs hit the US consumers, a double whammy to Uncle Sam.
Believe it or not, it's true.

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Post time 2019-5-27 21:00:45 |Display all floors
Liononthehunt Post time: 2019-5-14 12:36
China's tariffs hit the US farmers, and Trump tariffs hit the US consumers, a double whammy to Uncle ...

The US leaves rare earths, critical minerals off China tariff list after uncle Sam was asked by his own people if he's on Americas or China's side...

  China accounted for seven out of every 10 tonnes of rare earth elements mined worldwide last year and was the biggest exporter to America...

   Rare earth materials are a group of 17 elements on the periodic table: cerium (Ce), dysprosium (Dy), erbium (Er), europium (Eu), gadolinium (Gd), holmium (Ho), lanthanum (La), lutetium (Lu), neodymium (Nd), praseodymium (Pr), promethium (Pm), samarium (Sm), scandium (Sc), terbium (Tb), thulium (Tm), ytterbium (Yb), and yttrium (Y)...

   Rare earths are actually more plentiful in the earth’s crust than precious metals such as gold and platinum, but they are “rare” because they usually exist in nature as compounds fused with other metals. Refining and extracting them in commercially viable quantities are expensive endeavours, especially in jurisdictions with strict environmental and effluent standards. That makes them scarce, and therefore rare...
     Rare earth deposits exist in China, California, Australia, Brazil, Burundi, India, Malaysia, Myanmar, Russia, Thailand and Vietnam, with global deposit reserves estimated at 120 million tonnes...

  The US was the world’s largest producer of rare earths for decades, until the 1980s...
      Raytheon’s Patriot Missile air defence system uses radio frequency circulators to magnetically control the flow of electronic signals in radar and missiles. The rare earths used are gadolinium, samarium and yttrium...
     
   The Mountain Pass mine in California is the only US producer of rare earths. It closed in 2015 after its operator went bankrupt...
     It resumed production last year and ships its production to China for refining...

China also is, by far, the largest exporter to the US, the source of 59 per cent of the US$155 million in rare earths that America imported last year, according to the US International Trade Commission’s data.

    The only operating mine in the US sends all of its raw material to China to be refined into higher valuable, usable forms...
   This article appeared in the South China Morning Post print edition as: Rare earths may become next trade war battlefront.


     Rare earths miner Lynas Corp (ASX: LYC) said Tuesday it intended to relocate its contentious processing plant from Malaysia to one of two preferred sites in Western Australia, where its Mt Weld mine is located
   The Malaysian Government has hinted that the permit renewal is conditional on the radioactive residue being removed from the Mt Weld concentrate before it is shipped to Malaysia.
    Lynas' Malaysian operating licence is up for renewal in September, but new, tougher conditions recently imposed by the Southeast Asian country to the miner triggered worries about potentially losing its licence to operate.

The Malaysian Government has hinted that the permit renewal is conditional on the radioactive residue being removed from the Mt Weld concentrate before it is shipped to Malaysia...

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Post time 2019-5-27 23:54:15 |Display all floors
emanreus Post time: 2019-5-27 21:00
The US leaves rare earths, critical minerals off China tariff list after uncle Sam was asked by hi ...

There is a plurality of countermeasures at China's fingertips to push back against the US provocation, the rare earth card is just one of them. I think the signal has been sent out one way or another...
Believe it or not, it's true.

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Post time 2019-5-28 06:43:26 |Display all floors
这次谷歌必会付出代价. 華為高層未雨綢繆是了不起的遠見.  這就是中国企業家的高明之處. 中国成為世界的領頭羊勢不可擋. 美国的所作所为让全世界看清了其卑鄙和不可信任的本质, 将会为此付出惨重的代价! 这次中国对美国贸易战打得美方的脸啪啪响. 禁食, 禁用, 禁買美国垃圾食品 (麦当劳,  肯塔基雞, 辛巴乐⋯), 塑化饮料 (可乐, 兴奋饮料, 化学果汁饮料⋯), 开後门盗听的所有设备 (蘋果手机, 網路游戏⋯) 美產汽车⋯.這些美国毒害人的商品, 沒人购买就會自動撤离中国! 转用国貨!  所有的黃种人要意识到這不是一場单純的中美貿易战, 而是川普這種白人至上主義者要彻底消滅黃种人趕超路的一种表现.

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Post time 2019-5-28 06:47:08 |Display all floors
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