Feeds:
Posts
Comments

Posts Tagged ‘china trade war’

More on China’s rare mineral shipment stoppage…

_________________________________________________________________

US inquiry into China rare earth shipments

Mini magnets made from chemically processed rare earths are shown in Beijing The 17 different rare earths are found in everything from magnets to hybrid cars and computer monitors

US trade officials say they are looking into a New York Times report that China is blocking shipments of rare earths to the US and Europe.

China mines 97% of the specialist metals crucial to green technology.

The report, citing anonymous industry sources, said Chinese customs officials had broadened export restrictions.

Meanwhile China’s commerce ministry has denied a report by the official China Daily that it will cut quotas by 30% next year to stop overmining.

“The report is completely false,” the ministry said in a statement.

“China will continue to supply rare earths to the world, and at the same time, to protect usable resources and sustainable development, China will also continue to impose restrictive measures on exploration, production and import and export of rare earths.”

(more…)

Read Full Post »

Looks like China has taken first steps to retaliate against the strong talk and bill working its way through congress.  As I mentioned before, this could be a trigger point if at any time China decided to stop buying our debt and began to de-invest in our debt that they currently hold.

_________________________________________________________________

Ahead of the Bell: China imposes tariff on chicken

NEW YORK (AP) — Shares of the nation’s chicken producers could tumble on Monday after China said it will slap a hefty tariff on U.S. chicken imports to combat what it says are unfairly low prices.

The Chinese government said Sunday that its investigation found that U.S. chicken products are being sold at low prices which undermine the local market. New import duties ranging from 50.3 percent to as much as 105.4 percent will take effect Monday and last for five years.

(more…)

Read Full Post »