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September 30, 2019

President Trump Addresses China Trade Talks As Administration Announces New Penalties On Steel Products

At the United Nations General Assembly last week in New York, President Donald Trump discussed his administration’s continued concerns about Chinese industrial practices, and said he would not accept a “bad deal” on trade with China.

The president said, “Not only has China declined to adopt promised reforms, but it has also embraced an economic model dependent on massive market barriers, currency manipulation, product dumping, forced technology transfers and theft of intellectual property.”

While the president was in New York City, the U.S. Department of Commerce announced that it will impose antidumping duty (AD) investigations on imports of carbon and alloy steel threaded rod from India, China and Taiwan. The agency announced the highest duty of 32.26 percent on carbon and alloy steel imported from Taiwan and lower rate of duty of 4.81 percent for Chinese products and a 2.04 percent rate for India. Click here to learn more.

Despite President Trump’s remarks, and the news of the new tariffs on Chinese metals products, the United States and China are still on track to hold high-level trade talks this month after deputy-level officials wrapped up a round of trade negotiations in September. (Click here for Connecting the Dots’ report on those discussions.)