United States Will Make an Investigation on Dumping Steel of China 2017

Trump will make an investigation on dumping steel of China after the meeting between Chinese President and US President. And he will launch the first batch of specific policies for the trading business with China.

Government of Trump is try to activate the previously policy. Trump have signed two executive policies on April 1st, 2017. The policies demanding to investigate the US trade deficit and dumping steel policies from other Countries.

Dumping steel includes steel plates, steel line pipes, and steel profiles.

According the reports Axios, the current of White House have inside disagreements on trading policies plan. But still there were news for this:

Steel products such as line pipes, steel plates, steel profiles, casing pipe and tubing, and aluminum will be the target dump steel product, other commodities such as household appliances, may also become the target products. If the survey resulted in tax increase, this possibly increase the American consumer’s price. And it’s harmful to partial US company’s share price, especially the companies rely on Chinese cheap steel products. But for some US manufacturing company may have the benefit for this.

US Try to save American manufacturing industries and turn the business around.

Trump will save American manufacturing industries and turn the business around, for the unfair trade action. A White House official said this is a part of actions. US government will take actions according by the survey result. The official said US government may not reflect for this, but also maybe will charge the additional tax.

In other words, the action will possibly much bigger than steel products dumping content reported from New York Times.

At present, US Secretary of Commerce is implementing this policy. The survey result will come out at the end of April possibly.

The penalty to dumping steel will make big benefit for some US companies.

Axios said that if this investigation lead to a penalty to trade partners, it will be the great success for Ban Nong, Miller and other economic nationalists. On the other hand the Glodman Sachs is possibly to oppose these trade penalties.