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China has also raised export taxes on rare earths to as much as 25 percent, on top of value-added taxes of 17 percent.
Earlier this month, China's finance ministry raised export taxes to 25 percent from 15 percent for some of the most crucial rare earths.
Clarín's standing with the government deteriorated further in 2008, when Mrs. Kirchner raised export taxes on agricultural producers and Clarín sided with farmers striking against the measure.
PAGE A10 DISCORD OVER TAXES IN ARGENTINA In Argentina, a political crisis erupted after the government raised export taxes for farmers, and it now threatens the government of Cristina Fern?ez de Kirchner, the country's Peronist president.
Petrol prices, for example, have been going up even faster for Chinese drivers than they have for Americans or Europeans, although they remain low in absolute terms.To discourage energy- and import-intensive metals-processing, the government raised export duties on iron, steel and related alloys to 25% in December.
The resulting higher commodity prices dramatically raised export earnings of Latin American countries.
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Strong sales of industrial goods and materials and machinery and equipment raised exports.
The cartel has raised exports by about three million barrels a day since March.
Britain's trade deficit unexpectedly shrank in May to the narrowest in more than one and a half years as buoyant economic growth in Europe and Asia raised exports.
The last global deal, involving Opec and non-Opec producers, dates back to 2001, when Saudi Arabia persuaded Mexico, Norway and Russia to contribute to production cuts, although Moscow never followed through and raised exports instead.
The government has meddled in wheat production since 2006 by raising export taxes and setting export quotas.
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