October 31, 2018
Democratic senator seeks explanation for disparity between foreign- and U.S.-owned companies
By: Josh Zumbrun
Source: Wall Street Journal
Wall Street Journal: Lawmaker Faults Tariff Waivers’ Fairness
Democratic senator seeks explanation for disparity between foreign- and U.S.-owned companies
WASHINGTON—Shortly after the U.S. first imposed tariffs on
steel and aluminum this year, in part to crack down on oversupply from China
and its closest trading partners, the Department of Commerce granted exclusions
to a handful of Chinese-owned and Japanese-owned companies with U.S.
subsidiaries, enabling them to continue duty-free imports of Chinese and
Japanese steel.
These exclusions are the focus of a letter from Sen. Elizabeth
Warren, the Massachusetts Democrat who has been one of President Trump’s most
vocal adversaries and who is asking Commerce Secretary Wilbur Ross to explain
why so many foreign companies with U.S. operations and so few American
companies were granted exclusions.
Read the full story on the Wall Street Journal's website here.
By: Josh Zumbrun
Source: Wall Street Journal
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