United States anti-dumping duties on aluminium foil tariff ahead of Trump visit

Vastavam web: China has criticised new United States anti-dumping duties on aluminium foil, saying it was “extremely dissatisfied” with the new measures, just days before President Trump visits Beijing.The tariff was announced Friday by the US following concern that China was undercutting American manufacturers by flooding the country with underpriced aluminium products.”The US is not only harming the interests of Chinese companies, it is also damaging the seriousness and authority of multilateral rules and regulations,” said Wang Hejun, Director of the Trade Remedy and Investigation Bureau, in a statement.
The US Commerce Department plans to impose fresh duties of 96.81 per cent to 162.24 on Chinese aluminium foil imports to the US.The Trump administration has initiated 77 antidumping and countervailing duty investigations since January, up 61 percent since last year, the Commerce Department said on Friday.Trade is likely to be high on Trump’s agenda during the visit. Last week, he tweeted he had discussed North Korea and trade in a phone call with President Xi, calling them “two very important subjects!” In September, China’s monthly trade surplus with the United States hit a high not seen in at least three years.