U.S. Trade Representative is concerned that China's restrictions on exports of rare earth elements
According to Bloomberg news agency on June 21, China Mobile and radar used in the manufacture of rare earth elements of export restrictions by the United States Trade Representative is the concern, it may be a cause of new cases of bilateral trade disputes.
Reported that, according to anonymous people in a secret meeting revealed that the U.S. has asked the Group companies and trade unions of China rare earth elements accumulation of evidence, such evidence may be submitted to the World Trade Organization. A spokesman for U.S. Trade Representative’s office declined to comment Harmon, Chairman of Sino-US trade Frisbie said that he did not know whether the United States to the WTO complaint.
Rare earth elements in the world’s most cutting-edge technology plays an important role, used in hybrid vehicles, catalytic converters, superconductors, and a variety of products such as precision-guided weapons. According to the U.S. Geological Survey, a report said the United States in 1980 on the rare element before you can become self-sufficient, but then the adjustment costs of cheap labor and making China the master of this. U.S. Government Accountability Office report in April said that China controls 97% of the world supply of rare earth materials, and by up to 25% of the quotas and export taxes to restrict the export of rare earth elements.
Restrictions on exports of rare earth products for China, the Chinese Ministry of Commerce spokesman Yao Jian earlier told the media that is totally out of consideration of sustainable development.
