Trade Cases
August 6, 2019
New S301 Tariffs Will Not Directly Hit Chinese Steel Industry
Written by Tim Triplett
By CRU Analyst Alexander Ordosch
On Friday, Aug. 2, the U.S. government announced 10 percent tariffs on an additional $300 billion in Chinese imports that are not already covered by Section 301 (S301) tariffs. About 50 percent of the new tariffs cover steel-bearing machinery, while the rest are non-steel-containing items such as food, clothing, base metals and optics. The new tariffs will have a negligible direct impact on the Chinese steel industry, but broader consequences are a downside risk.
