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Trump Trade War - USTR proposes Section 301 tariffs on Chinese steel

Steel News - Published on Fri, 24 May 2019

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The US Trade Representative has released the proposed list of products to be added to the existing China Section 301 remedy. Additional tariffs of up to 25% are proposed on about USD 300 billion in annual Chinese imports to the US. This List 4 is stated to include essentially all imports from China that are not already covered by the first three product lists, with limited exceptions for pharmaceuticals, certain pharmaceutical inputs, select medical goods, rare earth materials, and critical minerals. Basic steel mill products in tariff headings 7206-7229 and 7301-7306 were largely excluded from the previous lists, in part due to the fact that they were covered by the global Section 232 tariffs. If these List 4 steel products are added to the remedy, basic steel mill products from China could be subject to 25% duties under Section 232, another 25% under section 301, plus in many cases additional duties under antidumping and/or countervailing duty Orders.

The USTR proposal calls for public comments by and public hearings on June 17, 2019 regarding among other topics the proposed product coverage and the proposed rate of duty increase. Requests to participate in the hearings are due by June 10, 2019. Rebuttal comments are due seven days after the end of the hearings. These dates could be delayed, or the proposal withdrawn, depending on the results of the U S – China negotiations on the issues.

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Posted By : Sanju Moirangthem on Fri, 24 May 2019
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