UPDATE 6-U.S. Commerce Department proposes hefty import curbs on steel, aluminum [Reuters]
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Source: Reuters
U.S. Commerce Department proposes hefty import curbs on steel, aluminum | Reuters 6 Min Read WASHINGTON (Reuters) - The U.S. Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminum imports from China and other countries ranging from global and country-specific tariffs to broad import quotas, according to proposals released on Friday. China’s Commerce Ministry responded by saying the report was “baseless” and did not accord with the facts, and that China would take necessary steps to protects its interests if the final decision affects China. The long-awaited unveiling of Commerce’s “Section 232” national security reviews of the two industries contained global tariff options of at least 24 percent on all steel products from all countries, and at least 7.7 percent on all aluminum products from all countries. Trump authorized the probes under a 1962 trade law that has not been invoked since 2001. He has until April 11 to announce his decis
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