1、 https:/crsreports.congress.gov June 28, 2019Trade Dispute with China and Rare Earth ElementsBackground Since 2018, the United States and China have been engaged in a trade dispute resulting from U.S. use of Section 301provisions (which deals with foreign trade barriers). The dispute has led to seve
2、ral rounds of tariff hikes. The United States has imposed 25% tariff hikes on $250 billion worth of products from China while China has hiked tariffs on $110 billion worth of U.S. products. On May 10, 2019, President Trump directed the U.S Trade Representative (USTR) to begin the processes of raisin
3、g tariffs on essentially all remaining imports from China, which it valued at approximately $300 billion. A week later, the USTR published a list of Chinese products that could be subject to 25% ad valorem tariffs. The notice specified that certain products, including rare earth elements (REEs), wou
4、ld not be included on the list. On May 20, Chinese President Xi Jinping made a publicized visit to a REE magnet facility in Jiangxi province. A May 29 editorial by Xinhua (the Chinese governments official state-run press agency) warned that by “waging a trade war against China, the United States ris
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