The permanent magnets have been removed from the US new tariff list
time:2018-10-09 Clicks:173second

2018-7-10 tariff list

2018-9-17 new tariff list

HS code

Products

HS code

Products

2805.30.00

Rare-earth metals, scandium and yttrium, whether or not
intermixed or interalloyed



2846.90.20

Mixtures of rare-earth oxides or of rare-earth
chlorides



2846.90.80

other rare earth compound



8505.11.00

Permanent magnets and articles intended to become
permanent magnets after magnetization of metal



8505.19.20

Composite goods containing flexible permanent magnets, other than of metal

8505.19.20

Composite goods containing flexible permanent magnets, other than of metal

8505.19.30

Permanent magnets and articles intended to become permanent magnets after
magnetization, other than of metal, nesoi

8505.19.30

Permanent magnets and articles intended to become permanent magnets after
magnetization, other than of metal, nesoi

On September 17, in the new tariff list, there is no mention of the rare earths neodymium (Nd) and praseodymium (Pr), both used in the strongest permanent magnets, as well as the electric vehicle sector.

Aside from Nd and Pr, other rare earths are used in a variety of US industries, including jet engine manufacturing, smart phones and even oil and gas drilling. The elements used in these applications were also targeted by the US government in May, when they were deemed a threat to national security, but they have since been removed from the list as well.

According to the US Geological Survey, China produced 105,000 tons of rare earths in 2017, while the US produced no domestic rare earths. China supplies the majority of America’s rare earth materials. In 2017, the US imported 78 percent of the rare earths it used domestically from the Asian nation.

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