US tariffs on some steel, aluminum downstream goods from China go into effect

  • Monday, July 9, 2018
  • Source:ferro-alloys.com

  • Keywords:molybdenum
[Fellow][Ferro-Alloys.com] The Chinese goods to be subject to a 25% tariff include check valves of iron or steel, brazed aluminum plate-fin heat exchangers, and aluminum electrolytic fixed capacitors.

[Ferro-Alloys.com] The Chinese goods to be subject to a 25% tariff include check valves of iron or steel, brazed aluminum plate-fin heat exchangers, and aluminum electrolytic fixed capacitors.

In August 2017, the US Trade Representative (USTR) initiated an investigation under Section 301 of the Trade Act of 1974 into the government of China's acts, policies, and practices related to technology transfer, intellectual property and innovation. The probe found these policies were "unreasonable and discriminatory," harming US business as a result.

President Donald Trump said in March the US would impose tariffs on certain Chinese imports and take other actions as a result of the 301 investigation.

The USTR is also in the midst of determining whether or not other downstream products from China -- including aluminum stranded wire and cables, and steel bridges, towers, columns and pillars -- should also be subject to tariffs.

The agency is hosting a public hearing on the prospects for action on these goods in late July and will announce what action, if any, it will take thereafter.

US steel and aluminum imports from China are not subject to Section 301 tariffs. However, Chinese steel exports to the US remain subject to a 25% tariff and aluminum exports are subject to a 10% tariff that the US began implementing March 23 as a result of Section 232 investigations into the impact of said goods on national security.

USTR OPENS PRODUCT EXCLUSION PROCESS

USTR also launched a process for granting product exclusions for goods subject to 301 tariffs Friday.

According to the organization, members of the public wishing to seek an exemption for a certain product have until October 9 to file a request, and there will also be a two-week period for others to respond to filed exclusion requests.

"In making its determination on each request, USTR may consider whether a product is available from outside of China, whether the additional duties would cause severe economic harm to the requestor or other US interests, and whether the particular product is strategically important or related to Chinese industrial programs including 'Made in China 2025,'" USTR said in a statement.

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  • [Editor:Jiang Li Juan ]

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