Trump considers additional tariffs on $100 billion worth of Chinese products

Friday, 06 April 2018 10:59:41 (GMT+3)   |   Istanbul
       

US President Donald Trump has said that he has instructed the office of the US Trade Representative (USTR) “to consider whether $100 billion of additional tariffs for China would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs".

In response, US Trade Representative Robert Lighthizer made the following statement: “President Trump is proposing an appropriate response to China’s recent threat of new tariffs. After a detailed investigation, USTR found overwhelming evidence that China’s unreasonable actions are harming the US economy. In the light of such evidence, the appropriate response from China should be to change its behavior, as China’s government has pledged to do many times. Unfortunately, China has chosen to respond thus far with threats to impose unjustified tariffs on billions of dollars in US exports, including our agricultural products. Under these circumstances, the President is right to ask for additional appropriate action to obtain the elimination of the unfair acts, policies, and practices identified in USTR’s report.”

Any additional tariffs proposed will be subject to a similar public comment process as the proposed tariffs announced on April 3, 2018. No tariffs will go into effect until the respective process is complete.

Commenting on the latest additional tariffs, a spokesman of the Chinese Ministry of Commerce said that if the US disregards the opposition of the Chinese side and the international community and persists in unilateralism and trade protectionism, the Chinese side will definitely fight back at any cost to defend the interests of the country and its people.


Similar articles

AISI applauds Biden’s call to triple existing tariffs on Chinese steel imports

17 Apr | Steel News

US issues final AD margins for heavy walled rectangular pipes from Mexico

11 Apr | Steel News

US DOC amends AD order on HRC from Tokyo Steel

09 Apr | Steel News

US issues final results of AD review on OCTG from S. Korea

09 Apr | Steel News

US issues preliminary AD review results on stainless sheet and strip from S. Korea

04 Apr | Steel News

US issues preliminary circumvention ruling on PC strand

03 Apr | Steel News

US revises up AD duty on CRC from South Korea

02 Apr | Steel News

US issues final results of AD review on wire rod from Mexico

01 Apr | Steel News

US ITC votes to maintain AD order on clad steel plate imports from Japan

28 Mar | Steel News

US issues preliminary CVD review results on cut-to-length plate from S. Korea

13 Mar | Steel News