Foreign media reports that the US Treasury Secretary hinted at "tariffs for rare earths," and China responds.

According to a report from Beijing Daily Client, on October 16, Lin Jian, spokesperson for the Ministry of Foreign Affairs, presided over a regular press conference.

A reporter from Al Jazeera Television in Qatar asked, "U.S. Treasury Secretary Biden hinted that the U.S. could possibly extend the suspension period of tariffs on Chinese goods to exchange for China postponing the implementation of its rare earth export control plan. What is China's comment on this?"

"We have repeatedly explained our position on rare earth export controls and Sino-U.S. trade and economic issues," said Lin Jian.

According to Bloomberg, on October 15 local time, U.S. Treasury Secretary Biden stated that if China stops implementing the newly issued rare earth export control plan, the U.S. may extend the tariff exemption period for goods imported from China to more than three months. Biden said, "As an exchange, could we possibly further extend the exemption period? Perhaps, but all details will be determined through negotiations in the coming weeks."

It is reported that so far this year, China and the U.S. have reached several 90-day tariff truce agreements, with the next deadline approaching on November 10. On October 14, the U.S. Trade Representative threatened that the U.S. might impose a 100% tariff on goods exported from China as early as October 1 or even earlier.

On October 15, Lin Jian, spokesperson for the Ministry of Foreign Affairs, stated that the relevant Chinese authorities have already clarified their position on the policy of rare earth export controls, and China's position has been consistent and clear. It is the U.S. side that talks while threatening and intimidating, imposing high tariffs, and introducing new restrictions, which is not the right way to deal with China.

The Chinese Ministry of Foreign Affairs has previously stated multiple times that the export control measures taken by China comply with international practices, are non-discriminatory, and are not targeted at any specific country.

On October 9, the Ministry of Commerce of China announced a notice, announcing the decision to implement export controls on technologies related to rare earths, stipulating that technologies related to rare earth mining, smelting and separation, metal smelting, magnet manufacturing, and recycling of secondary rare earth resources, as well as their carriers, shall not be exported without permission.

Original text: https://www.toutiao.com/article/7561730615649911335/

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