White House indicates additional US action against Chinese imports

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At the meeting, the US Permanent Trade Representative Robert Lighthizer presented to the head of state proposals for customs duties that affect imports worth 30 billion Dollars per year.

President Donald Trump, center, speaks in the Roosevelt Room of the White House in Washington, Thursday, March 8, 2018, before signing two proclamations, one on steel imports and one on aluminum imports.

The U.S. Trade Representative's office is due to rule on an investigation into China's policies.

Trump on Thursday announced steep tariffs on steel and aluminum but provisionally exempted Canada and Mexico, two of the largest United States suppliers who are now participating in talks with Washington to revamp the North American Free Trade Agreement.

--Manufacturing executives should undertake a systematic supply-chain review.

In an interview with CNBC just before the market close, Kudlow said he believed tougher trade measures against China were warranted.

The Politico sources say the tariffs against China will be announced soon, although the details of the tariffs remain unclear.

The move drew consternation outside the U.S.


"I don't think there's anybody on Wall Street that will oppose cracking down on China's theft of our intellectual property", he said.

"That is what makes the sound bites of the current USA administration so disturbing", said Marietje Schaake of the parliament's ALDE liberal group.

"I am not afraid of tariffs", Warren said March 11 on NBC's "Meet the Press" when asked whether she supports Trump's trade policies.

There is a risk that because of Trump's action, additional steel will be diverted to Europe.

The U.S. trade deficit with China reached $375 billion in 2017, a record high. However, if those NAFTA exemptions are made permanent, the tariffs on products from other countries may be hiked above 25%, insiders say. Affected users of imported steel and aluminum products may want to consider the utility and viability of seeking product exclusions for their imports.

The United States a year ago rejected three major Chinese acquisitions of USA technology companies, including a semiconductor maker, an Internet-services provider and in-flight entertainment company, and a mobile ad developer. That would hurt producers but boost profits of construction and other industries in Southeast Asia.

The 28-nation European Union is seeking an exemption from the USA tariffs on imported steel and aluminum that could kick in next week, and is preparing potential countermeasures against US goods. We should go back to these talks now. If the United States were to impose tariffs on Chinese machinery, electronics and furniture and toys, it is likely to provoke some form of retaliation from Beijing, it said. Vice President Jusuf Kalla said the country had the option of retaliating against imports of USA soybeans, wheat and aircraft.