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U.S. Seeks Import Duties on Chinese Aluminum Foil


(Bloomberg)

The U.S. said it would seek to impose duties on imports of aluminum foil from China, arguing that state subsidies for the domestic industry unfairly disadvantage American producers.

U.S. Secretary of Commerce Wilbur Ross announced the “affirmative preliminary determination” late Tuesday in Washington following an investigation into the practices of Chinese makers of the material. Subsidies of as much as 81 percent were found to be in place, according to a fact sheet released on the department’s website.

If carried through, the duties could ratchet up trade tension between the world’s two largest economies, as Trump administration efforts to shrink the trade deficit with China have borne little fruit. President Donald Trump is considering a formal investigation into China’s alleged intellectual property abuse and his administration is scrutinizing imports of steel and aluminum on national security grounds. Tuesday’s decision is unrelated to that probe. Click here to read more.

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