US hikes Section 301 duty on Chinese goods to 25 percent

Thursday, 02 August 2018 10:29:17 (GMT+3)   |   Istanbul
       

The Office of the US Trade Representative has announced that the Section 301 duty to be imposed on $200 billion worth of Chinese goods will be 25 percent instead of 10 percent announced on July 10.

“The increase in the possible rate of the additional duty is intended to provide the Administration with additional options to encourage China to change its harmful policies and behavior and adopt policies that will lead to fairer markets and prosperity for all of our citizens,” the US Trade Representative Robert Lighthizer said.


Similar articles

WSD Strategic Insights CLXXV: Three International Bellwether Prices

21 Nov | Steel Matters

US DOC starts circumvention inquiry on stainless steel sheet and strip imports

13 May | Steel News

US ITC votes to maintain AD orders on small diameter graphite electrodes from China

04 Mar | Steel News

WSD Strategic Insights CXXIX: Global manufacturers facing more competition, steelmakers not exempt

07 Feb | Steel Matters

US signs phase one trade deal with China

16 Jan | Steel News

US hits China with further tariffs as of September 1

02 Aug | Steel News

US tariff increase on Chinese imports comes into force

10 May | Steel News

Trump threatens tariff hike for some Chinese goods and new additional tariffs

06 May | Steel News

IMF: US-China trade war threatens global stability

26 Mar | Steel News

US finds injury caused by structural steel imports from Canada, China, Mexico

21 Mar | Steel News