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Trump Administration Will Pursue $50 billion Tariff Package Against China

Despite optimism from trade talks between the United States and China, President Trump signaled this week that he will go forward with imposing tariffs on imports from China that total approximately $50 billion of trade. This is the result of the Administration’s “Section 301” investigation into China’s intellectual property theft from its technology transfer policy.

 

In a statement, the White House is concerned that China uses “practices that undermine fair and reciprocal trade,” a message that has been consistent even while the Administration tries to negotiate improvements in the bilateral trade relationship.

The Administration released a proposed list in April that includes a number of product categories associated with recycling equipment and parts. On behalf of the ISRI Equipment and Service Providers Council, ISRI submitted comments to the Administration advocating for the removal of certain parts from that list. As of this writing, ISRI has not received confirmation on whether these parts will be a part of the final package, but will inform members as soon as possible.

It is expected that China will retaliate for this move – and while the Chinese Government’s proposed list of target products does not include scrap commodities, ISRI will be on the lookout for a revised list that could include these materials. ISRI is also uncertain what the Trump Administration’s announcement will mean for the challenges the industry is facing with regard to all of China’s scrap trade restrictions, including the CCIC suspension. ISRI continues to advocate on Capitol Hill and with officials in the Administration for opportunities to improve the scrap trade climate between the United States and China and to connect more broadly with industry partners in China, the United States and around the world, including the Bureau of International Recycling (BIR), to multiply the voice of concern with China’s new regulations.

Please contact Adina Renee Adler with any questions.

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