U.S. Hits Chinese Trailers With Tariffs to Aid Domestic Producers
A preliminary ruling outlined the move months ago, just as the U.S. and China were in talks to extend a trade truce.
The U.S. Commerce Department is imposing tariffs of about 260% on certain Chinese trailers after determining that the high level of imports harms domestic production, a move cheered by U.S. industry.
A ruling from the bipartisan International Trade Commission concluded that so-called “van-type trailers” were being “dumped” into the U.S. — imported at ultra-cheap prices that make it difficult for domestic manufacturers to compete. These trailers are typically used to transport cargo on the back of large vans and trucks.
The American Trailer Manufacturers Coalition, a group of U.S. companies that petitioned for the ruling, estimates that 40% of van-type trailers in the U.S. were produced in China, Mexico or Canada. The tariffs will last for at least five years.
A preliminary ruling outlined the move months ago, just as the U.S. and China were in talks to extend a trade truce. After a leaders’ summit in September, Washington and Beijing agreed to hold off escalating tariffs on each other until January.
This story was originally published by SupplyChainBrain. Read the full story at SupplyChainBrain →
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