Trade Wars Begin: Commerce Dept Recommends 23.5% Tariff On All Imports From China, Russia, Others
by Tyler Durden
ZeroHedge.com
Fri, 02/16/2018
Update 2: we may have spoken to soon when we said that it was unlikely that the US would not fire a trade war salvo today. According to subsequent reports, the while the Commerce Department will recommend a 7.7% aluminum import tariff, it will also recommend a 23.5% tariff on all product imports from China, Russia, Venezuela and Vietnam. Finally, Commerce wants an aluminum quota at 86.7% of 2017 exports, a move which will further enrage aluminum exporters such as China.
U.S. COMMERCE IS SAID TO RECOMMEND 7.7% ALUMINUM IMPORT TARIFF
US COMMERCE TO RECOMMEND 23.5% TARIFF ON ALL PRODUCTS FROM CHINA, RUSSIA, VENEZUELA, VIETNAM
COMMERCE SAID TO WANT ALUMINUM QUOTA AT 86.7% OF 2017 EXPORTS
More as we get it:
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