In early 2012, a dispute over rare earth minerals was brought into the light between the two countries. President Obama made an announcement that the United States would be one of a few countries to file a dispute with China. Amongst the United States, Japan and other Western European countries would also be filing disputes as well. This is simply just one of few disputes between China and the United States. It is believed by many experts, including Chris Isidore, a writer for CNN Money, that "any one of the disputes could damage the economies of both countries as well as the relationship between them." [1] The dispute was filed, and China was charged with putting unfair restrictions on the exportation of rare earth minerals. These minerals were crucial and in high demand by all countries. President Obama believed the United States should have those minerals in the United States whereas China disagreed. China denied all of the said charges brought forth "saying its rules are defensible on grounds of environmental and economic sustainability, and suggests there would be consequences if the United States presses the case." It is important to understand the relationship between the United Stated and China, especially economically. There is not one without the other. China's state news agency commented that "past experiences have shown that policymakers in Washington should treat such issues with more prudence, because maintaining sound China-U.S. trade relations is in the fundamental interests of both sides" [2]
- ^ Isidore, Chris (March, 13, 2012). "U.S. vs. China: The trade battles". CNN Money.
{{cite news}}: Check date values in:|date=(help) - ^ Isidore, Chris (March 13, 2012). "U.S. vs. China: The trade battles". CNN Money.