ALL IN: The Taiwan Steel and Iron Industries Association urged the government to seek a US exemption, as last year it was the largest buyer of Taiwan’s steel products
Taipei Times
Date: Mar 10, 2018
By: Staff writer, with CNA
Taiwan is to seek negotiations with the US on tariffs to be implemented on steel and
Hot-rolled steel coils are pictured at a Formosa Ha Tinh Steel Corp factory in Vietnam on Dec. 13 last year. Photo courtesy of Formosa Plastics Group
aluminum imports into the US, in a bid to protect the interests of Taiwanese exporters, the Ministry of Economic Affairs (MOEA) said yesterday.
A statement issued by the Bureau of Foreign Trade on behalf of the ministry said that the ministry would closely watch measures announced by the White House on Thursday on the tariff issue and demand that Washington enter talks with Taipei.
In addition, the ministry said it would watch closely how other US trading partners react to the tariffs and would exchange views with them under WTO guidelines.
US President Donald Trump signed an order under Section 232 of the Trade Expansion Act of 1962 on Thursday to impose a 25 percent tariff on imported steel and a 10 percent tariff on aluminum. [FULL STORY]
