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US tariffs on steel, aluminum designed to target key countries: Ross



Trump administration: Section 232 steel, aluminum import investigation



US tariffs on steel and aluminum imports will only target certain countries, citing planned exemptions for others, Commerce Secretary Wilbur Ross said Thursday.


Speaking before the House Ways & Means Committee, Ross noted that country exemptions allow for a "coordinated strategy" targeting particular countries, such as China, and global overcapacity.


"Part of the discussion that we will be having with countries for their exclusion is the very topic: What will they do to be cooperating with us against the global overcapacity problem," Ross said. "Our hope is for the first time this will bring collective action on the part of the world community to deal with the ultimate problem, which is the overcapacity, particularly in China, but not just exclusively in China."


Read more: US tariffs on steel, aluminum designed to target key countries: Ross


Related podcast: Making sense of the Trump tariffs


Related articles:


China eyes retaliatory tariffs on US imports worth $3 billion
Japan's mills say limited impact from US aluminum tariffs; China cuts still key
Australia likely to safeguard Asian aluminum trade despite US tax exemption



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TRUMP ADMINISTRATION: SECTION 232 STEEL & ALUMINUM IMPORT INVESTIGATION

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