Wednesday, 29 November 2017

US to investigate Chinese aluminium trade



The US has announced another trade investigation, this time targeting China's aluminium industry.

 
The inquiry will examine if aluminium alloy sheet is being sold below cost or with the help of government subsidies and could lead to tariffs.


The US called it an "historic" probe intended to advance President Donald Trump's tough-on-trade agenda.


It is initiating the investigation itself, not responding to a complaint from a US company, as is usual.


US Commerce Secretary Wilbur Ross said: "President Trump made it clear from day one that unfair trade practices will not be tolerated under this administration, and today we take one more step in fulfilling that promise."
The move comes shortly after President Trump and Mr Ross visited China.


The US imported more than $600m (£459m) in aluminium alloy sheet from China last year, according to the Commerce Department.


It said it has evidence that the imports pose a threat to US industry.


The case will now be investigated by the International Trade Commission, with final decisions expected in 2018.




BBC     News.