Tariffs on $200 Billion of Chinese Imports - Necessary Response to China’s Continuing Unfair Trade Practices

By Michael Stumo

These tariff actions are a necessary response to China’s refusal to end dozens of commercial espionage and technology transfer practices. Our member companies have faced years of heavily subsidized competition from China, and they’ve experienced firsthand the aggressiveness of China’s hacking and intellectual property theft campaign. Our members have also had to confront the side effects of subsidized imports still affecting downstream markets. We see this, for example, with companies that produce products made from steel and aluminum. We’re pleased that the administration is now addressing this wider problem, and these broader tariffs will help to minimize distortions that come from partial tariff coverage. [more...]