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The trade war between the United States and China continues despite the difficulties, the United States providing additional rights of 200 billion US dollars (223.4 trillion won) on China.
Rare earths also have super-charged water that imposes additional tariffs.
According to Bloomberg News, the US Trade Representative (USTR) announced on the 10th that China does not want to reduce the US offensive. The 200-page tariff list included rare earths from China.
China, which accounts for more than 80% of the world's rare earth production, has been using it for some time. The United States has also lobbied China to export more rare earths from the World Trade Organization. 78% of rare earths imported by the United States are manufactured in China
The United States imposes 10% additional duties on Chinese rare earths, which is interpreted as a desire to impose a trade war on China. The United States has also included Chinese cobalt, an essential raw material for electric vehicle batteries, on the tariff schedule.
Previously, the Trump administration had imposed duties on Chinese imports worth $ 34 billion. By the end of this month, it should collect duties on the remaining $ 16 billion import list.
If the United States applies the trilateral measure of $ 200 billion, Chinese imports worth about $ 250 billion will be subject to customs duties.
The United States believes that if China continues to respond, it will offer a fourth-order measure of greater size.
"After $ 200 billion, import duties of $ 300 billion are waiting to be maintained," he told reporters on Monday.
However, China has maintained its policy of retaliation in the same size and strength as the US "tariff bomb" so far. China has imposed duties on US imports worth US $ 34 billion in the last six days.
According to the Washington Post (WP), the Commerce Department took steps to reduce the damage caused by the trade war with the United States on September 9.
] China plans to provide funding after identifying the damage suffered by companies and workers. He also urged companies to reduce their dependence on products subject to tariffs, such as soy and auto.
US Ambbadador to China David Rank said: "China seems to show that it can withstand political turmoil" and "I do not vote." In addition, they will impute all the economic problems in Trump and the United States. "
Last year, US exports to the United States reached 130 billion dollars. If the US launches $ 200 billion in additional duties, it will be difficult to fight back on the same scale.
The Wall Street Journal (WSJ) said that the authorities' intervention, such as the delayed security approvals of US companies that have entered China, has been strengthened. He said it was predicted that the boycott of cars and smartphones from the US could spread, and Apple, GM, and Starbucks, which are aggressive expansion plans in China, will be targeted.
As in the case of Korea, it is possible that a US tourist ban is issued.In 2016, Chinese tourists spent $ 18 billion in the US It is twice the size of Japan.
The WSJ said: "Trump's trade policy is to make some American industries laugh, such as the steel industry. However, it is possible that American companies doing business in China are losing teeth. "
[Seoul-NewYes]
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