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 | ||
2846.90.20 | Mixtures of rare-earth oxides or of rare-earth | ||
2846.90.80 | other rare earth compound | ||
8505.11.00 | Permanent magnets and articles intended to become | ||
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 | 8505.19.30 | Permanent magnets and articles intended to become permanent magnets after |
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.
