China rare earths industry backs retaliation against US tariffs

摘要

The Secretariat of the Association of China Rare Earths Industry (ACREI) has waded into China's trade standoff with the United States, accusing the US of "trade hegemony" and "bullying behavior," and advocating counter measures to the latest round of tariff increases. Escalating trade tensions between the two countries led President Donald Trump to announce via Twitter on August 1 that the United States would impose a further 10% tariff increase on "the remaining" $300-billion-worth of goods his country imports from China, starting on September 1.