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US Treasury Secretary: Steel and aluminum tariffs will remain in place for China

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US Treasury Secretary: Steel and aluminum tariffs will remain in place for China Empty US Treasury Secretary: Steel and aluminum tariffs will remain in place for China

Post by rocky on Tue 22 May 2018, 2:50 pm

US Treasury Secretary: Steel and aluminum tariffs will remain in place for China






2018/05/22 19:32


(Encyclopedia of this Day News | Iraq News  ) - Live: The United States confirmed that tariffs on imports of his country 's steel and aluminum from China will remain even with the proposed suspension on Chinese goods tariffs.

Washington has announced a suspension of tariffs with the Chinese side to avoid an imminent trade war between the world's two largest economies.

US Treasury Secretary Stephen Menuchin told a Senate panel on Tuesday that a tariff suspension deal with China would involve only $ 150 billion in potential fees on technology and other products.

"As far as China is concerned, the steel and aluminum tariffs will remain in force," he said. "That was not part of our discussions."

US President Donald Trump announced in March that he would impose tariffs of 25 percent on steel imports and 10 percent on aluminum, before Canada, Mexico and the European Union temporarily granted an exemption from these fees in order to try to reach separate terms with those countries.


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