Obama warns China against rare earth export curbs
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Last Updated: Tuesday, March 13, 2012, 23:25
  
Washington: US President Barack Obama on Tuesday warned China against its alleged unfair export restrictions on rare earths.

Obama's warning came as his administration along with the European Union and Japan sought consultations with China at World Trade Organisation (WTO) with regard to its alleged unfair export curbs on rare earths, tungsten and molybdenum.

"You will not get away with skirting the rules,? Obama told reporters at a Rose Garden, White House news conference, adding that this is the notice to his competitors.

Washington: US President Barack Obama on Tuesday warned China against its alleged unfair export restrictions on rare earths.

Obama's warning came as his administration along with the European Union and Japan sought consultations with China at World Trade Organisation (WTO) with regard to its alleged unfair export curbs on rare earths, tungsten and molybdenum.

"You will not get away with skirting the rules,? Obama told reporters at a Rose Garden, White House news conference, adding that this is the notice to his competitors.

"We want our companies building those products right here in America. But to do that, American manufacturers need to have access to rare earth materials, which China supplies.

Now, if China would simply let the market work on its own, we'd have no objections.

"But their policies currently are preventing that from happening, and they go against the very rules that China agreed to follow," Obama alleged.

The administration will bring this case against China today, and will keep working every single day to give American workers and American businesses a fair shot in the global economy, he said.

"America needs to get back to doing what it's always done best: a country that builds and sells products all over the world that are stamped with the proud words, 'Made in America'. That's how we create good middle-class jobs at home, and that's how we're going to create an economy that's built to last," Obama said.

PTI


First Published: Tuesday, March 13, 2012, 23:25


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