US launches another trade case against China

[Swordsmyth]

US President Donald Trump's Commerce Department on Wednesday announced another trade action involving Chinese imports, with producers of steel propane tanks accused of dumping and unfair subsidies.
It is the latest in a series of disputes the Trump (https://www.business-standard.com/topic/trump)administration has taken up against Beijing, the largest of which are the looming 25 per cent tariffs on $50 billion in Chinese goods amid complaints the country is stealing US technology. (https://www.business-standard.com/search?type=news&q=us+technology)

The frictions with the Asian giant, as well as the latest conflict will allies like Canada and the European Union have threatened to spill over into a global trade war.
The latest complaint, lodged by US manufacturers in Ohio and Tennessee, argues that China is dumping and unfairly subsidising the steel cylinders, which allegedly land on the US market at below cost, creating unfair competition for US companies, including two that filed a complaint with the Commerce Department.
The complaint says China subsidises production by 55 to 109 per cent through a variety of programs including taxes, grants and export credits for nearly $90 million in exports.
If Commerce determines China provides the industry with unfair subsidies and is dumping the products, it will impose anti-dumping (https://www.business-standard.com/topic/anti-dumping)and countervailing duties to make the prices similar to US competitors.
The case also alleges dumping of the steel tanks by Taiwan and Thailand at lower rates.
Last year, the United States imported a little over USD 100 million in the propane cylinders from the three countries combined, according to the Commerce Department.



https://www.business-standard.com/article/international/after-fresh-complaints-us-launches-another-trade-case-against-china-118061300134_1.html

[enhanced_deficit]

Tariffs were also being used as carrot n stick strategy vizavee NK. Does this mean NK has started already to act up/ is resisting to give up nukes?

[Zippyjuan]

Switch "China" with "USA" and "USA" with "Canada" and make the subject dairy products and Trump is on the opposite side of the same question.

[Zippyjuan]

Tariff War is back on. Just a couple weeks ago, a "truce" was declared.

https://www.reuters.com/article/us-usa-trade-china-ministry/trump-sets-50-billion-in-china-tariffs-with-beijing-ready-to-strike-back-idUSKBN1JB0KC


Trump sets $50 billion in China tariffs with Beijing ready to strike back

WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world’s two largest economies.

Trump, whose hardline stance on trade has led him to wrangle with allies, said in a statement that a 25 percent tariff would be imposed on a list of strategically important imports from China. He also vowed further measures if Beijing struck back.

“The United States will pursue additional tariffs if China engages in retaliatory measures, such as imposing new tariffs on United States goods, services, or agricultural products; raising non-tariff barriers or taking punitive actions against American exporters or American companies operating in China,” Trump said in a statement.

Earlier on Friday, China vowed to do just that, saying it would strike back, just hours before Trump’s statement. Trump has already said the United States would hit another $100 billion of Chinese imports if Beijing retaliated.

Washington and Beijing appeared increasingly headed toward a trade war after several rounds of negotiations failed to resolve U.S. complaints over Chinese industrial policy, market access and a $375 billion trade gap.