U.S. to File WTO Complaint Over China Rare-Earth Export Caps
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The U.S. will file a complaint at the World Trade Organization today over Chinese limits on exports of rare earths used in high-tech products, deepening a trade dispute between the world’s two largest economies.
President Barack Obama will personally announce the action to join Japan and the European Union in requesting consultations with China at the Geneva-based trade arbiter over rare-earths shipments, an administration official said yesterday in Washington, speaking on condition of anonymity ahead of the White House announcement.