Global tariffs on metals must to pre-empt China move: US

IANS  |  Washington 

US Ross on Wednesday said global tariffs on and were necessary to prevent from routing those metals to the via other regions.

He said that since the tariffs were imposed Europe, and had begun to take forceful action against a global glut driven by Chinese production, reported

decided in May to end a two-month exemption for the European Union, and - the US's largest trading partners - from a 25 per cent on and a 10 per cent on

was hit with the tariffs in March, when Trump announced the measures, although since then has tried to negotiate an exemption agreement.

"Suddenly is enacting safeguards against steel dumping into They didn't do much before," Ross said. "is taking action. for the first time has created an enforcement body ... to deal with the problem."

"While they're complaining bitterly about the tariffs, the fact is they're starting to take the kind of action which if they had taken sooner would have prevented this crisis," Ross said.

But the tariffs prompted criticism from many senators, including members of Trump's

Orrin Hatch, a from Utah, slammed the for invoking national security to justify the tariffs.

"The lessons of the steel and tariffs are clear: these tariffs do not support US national security. Instead, they harm American manufacturers, damage our economy, hurt American consumers and disrupt our relationship with our long-time allies while giving a free pass," Hatch said.

Ross also referred to the US's longstanding concerns about China's alleged theft of American intellectual property, an accusation levelled in justifying recent separate tariffs on $50 billion worth of Chinese imports (and in threatening to target an additional $400 billion of imports from the Asian giant).

"The feels and I agree that now is the time for action," Ross said. "And unless we make it more painful for them to continue those practices than to do otherwise, unless we put that kind of pressure on, it's unlikely we'll succeed."

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 21 2018. 05:54 IST