Trade Cases
February 6, 2018
Written by Sandy Williams
The United Steelworkers challenged the president to reduce the trade deficit after Commerce released its deficit report today.
The Department of Commerce reported that for 2017, the goods and services deficit increased $61.2 billion, or 12.1 percent, from 2016. Exports increased $121.2 billion or 5.5 percent and imports increased $182.5 billion or 6.7 percent.
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The Biden administration issued three decisions last week that raise the question whether international trade will be harder or easier when it comes to infrastructure and commercial manufacturing in the US.
Mexico has decided to implement import tariffs on a number of products, among them, steel.
The office of the US Trade Representative (USTR) endorsed the World Trade Organization’s (WTO) panel report regarding the Section 232 duties against China on steel and aluminum. The report recognized the duties as “security measures,” rejecting China’s arguments against them.
The US Department of Commerce has published its preliminary findings in the antidumping (AD) trade case investigating tin mill products from China and Canada.