US slaps fresh tariffs on Chinese aluminium

[leviathan]

Thats why Trump wanna re-join TPP so US can kill all none TPP nations

you need to check your IQ.

The US says it will slap tougher tariffs on Chinese aluminium alloy after an investigation into the trade.

The Commerce Department said the metal was being sold below cost or with government subsidies - making it impossible for US producers to compete.

Beijing has expressed "strong dissatisfaction" with the step and said China would pursue its legal rights.

The decision came as China's top economic advisor Liu He arrived in the US to discuss tensions over trade.

The duties will be levied on several Chinese firms - ranging from almost 50% to more than 100%.

But the decision still needs to be backed by the International Trade Commission (ITC), which is due to announce its decision by March 15.

The tariffs follow what Washington called an "historic" probe to push President Donald Trump's tough-on-trade agenda.

"This Administration is committed to trade that is fair and reciprocal, and we will not allow American workers and businesses to be harmed by unfair imports," Commerce Secretary Wilbur Ross explained in a statement.

China's would take measures to protect its rights and interests, the country's Ministry of Commerce said.

The US investigation was launched in November last year, shortly after President Trump and US Commerce Secretary Wilbur Ross visited China.

In 2016, imports of aluminium foil from China were valued at an estimated $389m (£280m), according to the Commerce Department.

And it said it had evidence that the imports pose a threat to US industry.

Under the Obama administration, the US complained to the World Trade Organisation about aluminium subsidies in China.

But the Trump administration has embraced a more go-it-alone approach.

In April last year, the Commerce Department launched a separate investigation into steel and aluminium imports on national security grounds.

http://www.bbc.com/news/business-43221914

Apparently, The 'very table genius' fuked it up.
lol what slap on your face. Karma less than 24 hour from your post.
Now, everyone slaps Murcia...except China, China is sitting back on the chair like a boss and laughing.. My guts tells me China is the biggest winner from this.

BTW, our Trudeau is furious!
Canada seeks exemption to Trump's steel tariffs, vows retaliation
http://www.cbc.ca/news/politics/steel-trade-tariffs-trump-1.4558967

Trump’s steel tariff draws global backlash: ‘Just straight up stupid’
http://www.macleans.ca/news/world/trumps-steel-tariff-draws-global-backlash-just-straight-up-stupid/

Trump steel tariffs: European Union gears up for trade war

China, Trump’s primary tariff target, stands to gain from his steel misstep
https://www.thespec.com/opinion-sto...target-stands-to-gain-from-his-steel-misstep/

Japan, South Korea steel manufacturers fall on Trump tariff plans
https://www.ft.com/content/fe92fc46-1db0-11e8-aaca-4574d7dabfb6

If Trump thinks he's taking steel tariff war to China, he's wrong. That war is already over
https://www.cnbc.com/2018/03/02/if-trump-thinks-hes-taking-steel-tariff-war-to-china-hes-wrong.html

China weighs whether to retaliate over Trump's tariff hikes
https://www.ctvnews.ca/business/chi...retaliate-over-trump-s-tariff-hikes-1.3825856

Germany and other allies are really, really angry about Trump's tariffs
http://money.cnn.com/2018/03/01/new...nada-global-response-steel-tariffs/index.html

Trump was angry and ‘unglued’ when he started a trade war, officials say
https://www.nbcnews.com/politics/wh...d-when-he-started-trade-war-officials-n852641

 

[Three_Kingdoms]

Will.it make million Cnese workers lose jobs ??

You are one of the heinous trolls of the forum.
Time to take a break and breath some fresh air.
I would have you take a long rest from the forum if I were a moderator.

The US says it will slap tougher tariffs on Chinese aluminium alloy after an investigation into the trade.

The Commerce Department said the metal was being sold below cost or with government subsidies - making it impossible for US producers to compete.

Beijing has expressed "strong dissatisfaction" with the step and said China would pursue its legal rights.

The decision came as China's top economic advisor Liu He arrived in the US to discuss tensions over trade.

The duties will be levied on several Chinese firms - ranging from almost 50% to more than 100%.

But the decision still needs to be backed by the International Trade Commission (ITC), which is due to announce its decision by March 15.

The tariffs follow what Washington called an "historic" probe to push President Donald Trump's tough-on-trade agenda.

"This Administration is committed to trade that is fair and reciprocal, and we will not allow American workers and businesses to be harmed by unfair imports," Commerce Secretary Wilbur Ross explained in a statement.

China's would take measures to protect its rights and interests, the country's Ministry of Commerce said.

The US investigation was launched in November last year, shortly after President Trump and US Commerce Secretary Wilbur Ross visited China.

In 2016, imports of aluminium foil from China were valued at an estimated $389m (£280m), according to the Commerce Department.

And it said it had evidence that the imports pose a threat to US industry.

Under the Obama administration, the US complained to the World Trade Organisation about aluminium subsidies in China.

But the Trump administration has embraced a more go-it-alone approach.

In April last year, the Commerce Department launched a separate investigation into steel and aluminium imports on national security grounds.

http://www.bbc.com/news/business-43221914

Read posts #11, 16 after you jumped up and down for a few minutes consequent to your first post. The whole world is 'witch-hunting" Trump. And the tariff on aluminum is only half of what he proposed for steel imports in which China is not even in the top 10 steel exporter to US.

BTW how did you celebrate "Holi" festival?

 

[Viva_Viet]

You are one of the heinous trolls of the forum.
Time to take a break and breath some fresh air.
I would have you take a long rest from the forum if I were a moderator.

Mod is smatter than u as what I say here is true. What wrong when even CN newspapers also talk abt job loss of Cnese steel workers ???

Or U try to deny that no Cnese steel worker lose job ??? Man,only Dump troll try to deny that fact.

____.........

China expects to lay off 1.8 million workers in coal, steel sectors
Feb, 2016

Reuters) - China said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about 15 percent of the workforce, as part of efforts to reduce industrial overcapacity, but no timeframe was given.

https://www.google.com.vn/amp/mobile.reuters.com/article/amp/idUSKCN0W205X

 

[Globenim]

Feb, 2016

coal and steel industries

Wow its almost like Chinas policies to reduce coal dependecy and cuts on steel production overcapacity 2 years ago have nothing to do with the thread and you are now just posting incoherent nonsense with random shit you found on Google to keep talking back.

 

[Viva_Viet]

Wow its almost like Chinas policies to reduce coal dependecy and cuts on steel production overcapacity 2 years ago have nothing to do with the thread and you are now just posting incoherent nonsense with random shit you found on Google to keep talking back.

why nothing to do wt this thread ??? everyone here wanna know how many million Cnese workers lost jobs from 2016 till now, specifically when Trump raise steel tariff to kill CN steel industry faster.

This is not CN forum, so u can not hide or try to delete CN bad economic news here.

 

[Musafir117]

It’s not only for China if it’s happen, Australia and few other countries in list as too, what Trump thinking to doing isn’t wise enough.

 

[52051]

you need to check your IQ.

Apparently, The 'very table genius' fuked it up.
lol what slap on your face. Karma less than 24 hour from your post.
Now, everyone slaps Murcia...except China, China is sitting back on the chair like a boss and laughing.. My guts tells me China is the biggest winner from this.

BTW, our Trudeau is furious!
Canada seeks exemption to Trump's steel tariffs, vows retaliation
http://www.cbc.ca/news/politics/steel-trade-tariffs-trump-1.4558967

Trump’s steel tariff draws global backlash: ‘Just straight up stupid’
http://www.macleans.ca/news/world/trumps-steel-tariff-draws-global-backlash-just-straight-up-stupid/

Trump steel tariffs: European Union gears up for trade war

China, Trump’s primary tariff target, stands to gain from his steel misstep
https://www.thespec.com/opinion-sto...target-stands-to-gain-from-his-steel-misstep/

Japan, South Korea steel manufacturers fall on Trump tariff plans
https://www.ft.com/content/fe92fc46-1db0-11e8-aaca-4574d7dabfb6

If Trump thinks he's taking steel tariff war to China, he's wrong. That war is already over
https://www.cnbc.com/2018/03/02/if-trump-thinks-hes-taking-steel-tariff-war-to-china-hes-wrong.html

China weighs whether to retaliate over Trump's tariff hikes
https://www.ctvnews.ca/business/chi...retaliate-over-trump-s-tariff-hikes-1.3825856

Germany and other allies are really, really angry about Trump's tariffs
http://money.cnn.com/2018/03/01/new...nada-global-response-steel-tariffs/index.html

Trump was angry and ‘unglued’ when he started a trade war, officials say
https://www.nbcnews.com/politics/wh...d-when-he-started-trade-war-officials-n852641

As expected, its purely for show, President Dotard is only very tough against his poor little "allies", when he is against China, he feels his serious bone spurs.

 

[Brainsucker]

well, imposing a higher tariff to aluminum goes to everyone who export aluminum to US, isn't it?

 

[q12093487q]

As expected, its purely for show, President Dotard is only very tough against his poor little "allies", when he is against China, he feels his serious bone spurs.

In my opinion trump is helping china sercretly，he sounds like tougher than obama towards china but actually doing the opposite

 

[TaiShang]

I love new US regime.

The share of China's export of aluminum and steel is 2%. Key US allies such as Canada, Korea, and Japan's share is much much higher.

Hence, the Trump move won't effect China much. China has the world's greatest trade penetration. But the trade measures (if Dotard regime goes as it says) are really applied, that's great. It would send the US alliance regime into a certain turmoil.

Little lapdogs like Japan and SK have already began to whining.

As @leviathan says, China has been sitting back and enjoying the sight.

Dotard regime seems incapacitated and aimless, doing much with little effect.

This includes Mr. Putin's historical military slap and the prospects of President Xi's third term.