The US has imposed duties on imports of aluminium foil from China, ratcheting up trade tensions between the world’s largest economies before President Donald Trump’s visit to Beijing next month. The Commerce Department said Friday it would impose preliminary import duties in the range of 96.81% to 162.24% on Chinese aluminium foil, saying the goods are being sold at unfairly low prices. In August, Commerce imposed preliminary duties on Chinese aluminium foil, ranging from 16.56% to 80.97%, citing state subsidies for the domestic industry that disadvantage American products. The Aluminum Association Trade Enforcement Working Group, representing US producers, is the petitioner in the countervailing duty and an anti-dumping case. In addition, Commerce is examining aluminium imports from China and other foreign nations under the seldom-used Section 232 of the 1960s trade law that allows for tariffs on imports that pose a national security risk.

Source: Bangkok Post October 28, 2017 05:26 UTC