02/28/2018, 12.26
CHINA-US
Send to a friend

The aluminium war between Washington and Beijing

Anti-dumping measures on Chinese imports with taxes from 48.64 to 106.09%. Verification with the International Trade Commission. "Strong dissatisfaction" of Beijing. This week, Liu He, economic advisor to Xi Jinping, will visit the United States.

Washington (AsiaNews / Agencies) - The US Department of Commerce has acknowledged that aluminum foil imported from China is being sold in the United States at a bargain price. This is due to the fact that the Chinese industries have economic subsidies from their government and overproduction is aimed at export, typical of the Chinese economy.

The Aluminium Association said in a statement that antidumping and countervailing duties would be levied on a number of Chinese firms, with dumping margins ranging from 48.64 % to 106.09 % and anti-subsidy rates of 17.14 % to 80.97 %.

Taxes will be implemented for five years, but for now they are pending, awaiting a decision by the International Trade Commission (ITC), which should verify the damage caused by Chinese dumping on US producers. The decision is expected for March 15th.

Last month, a group of US aluminum producers showed the ITC how much their industry was devastated by Chinese imports and the need for anti-dumping measures.

In 2016, the US imported 389 million dollars of aluminum foil from China.

Beijing has expressed “strong dissatisfaction” with the United States imposing anti-dumping and countervailing duties on Chinese aluminium foil, the Ministry of Commerce accusses it of "disregard for the rules of the World Trade Organization" and of wanting to apply taxes "without any evidence".

The tension between the United States and China grows and there is a risk of a commercial war. US President Donald Trump has long threatened to impose taxes on imports of aluminum and steel from China, which "destroy the jobs" of the Americans.

This week, Xi Jinping's leading economic advisor, Liu He, will visit the US for an exchange of views "on the China-US relationship and on economic and trade cooperation between the two nations".

TAGs
Send to a friend
Printable version
CLOSE X
See also
Pope talks about the Middle East, the Holy Land and the food crisis with Bush
13/06/2008
Tensions between Seoul and Pyongyang rise as Cold War fears cast a shadow over Korea
12/02/2016 15:14
White House to stop Beijing's "imperialist" policy in the South China Sea
24/01/2017 15:55
For Fr Tom, abducted in Yemen, Holy Thursday prayer and adoration for the martyrs
21/03/2016 14:57
"We are optimistic," says Paul Bhatti as Rimsha Masih's bail hearing postponed to Friday
03/09/2012


Newsletter

Subscribe to Asia News updates or change your preferences

Subscribe now
“L’Asia: ecco il nostro comune compito per il terzo millennio!” - Giovanni Paolo II, da “Alzatevi, andiamo”