Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Trade Panel Backs U.S. in Dispute Over Minerals From China
Source: Bloomberg News
Trade Panel Backs U.S. in Dispute Over Minerals From China (1)
By Brian Wingfield and Sonja Elmquist March 26, 2014
The World Trade Organization backed the U.S. in a dispute with China, agreeing that limits on exports of so-called rare-earth elements used to make goods including hybrid-car batteries and wind turbines violate trade rules.
A dispute-settlement panel at the Geneva-based trade arbiter today determined that China, the world’s largest producer of the minerals, didn’t adequately justify imposing export duties and quotas on the goods, which include the elements tungsten and molybdenum.
China’s export limits “have been putting American manufacturers at a disadvantage and preventing full and fair competition,” U.S. Trade Representative Michael Froman told reporters today on a conference call.
The case is the latest dispute in a trade rift between China and the U.S., the world’s largest economies. During President Barack Obama’s administration, the nations have have sparred over trade in goods and services including autos, poultry, clean-energy manufacturing, tires and credit-card payments.
[font size=1]-snip-[/font]
By Brian Wingfield and Sonja Elmquist March 26, 2014
The World Trade Organization backed the U.S. in a dispute with China, agreeing that limits on exports of so-called rare-earth elements used to make goods including hybrid-car batteries and wind turbines violate trade rules.
A dispute-settlement panel at the Geneva-based trade arbiter today determined that China, the world’s largest producer of the minerals, didn’t adequately justify imposing export duties and quotas on the goods, which include the elements tungsten and molybdenum.
China’s export limits “have been putting American manufacturers at a disadvantage and preventing full and fair competition,” U.S. Trade Representative Michael Froman told reporters today on a conference call.
The case is the latest dispute in a trade rift between China and the U.S., the world’s largest economies. During President Barack Obama’s administration, the nations have have sparred over trade in goods and services including autos, poultry, clean-energy manufacturing, tires and credit-card payments.
[font size=1]-snip-[/font]
Read more: http://www.businessweek.com/news/2014-03-26/trade-panel-sides-with-u-dot-s-dot-in-dispute-over-china-s-rare-earths