Decision on steel imports will take more time - Mr Trump-The 19th China(Guangzhou)Int'l Stainless Steel Industry Exhibition 7/27/2017 Stainless Steel Exhibition
The Hill reported that US president Mr Donald Trump says decision on steel imports will take more time as Commerce Department''s plans to produce a report by the end of June were hampered by the complexity of the issue. Mr Trump told the Wall Street Journal in an interview on Tuesday that “We don’t want to do it at this moment. You can’t just walk in and say I’m doing to do this. You have to do statutory studies. It doesn’t go that quickly.”
The president didn’t say when a decision would be made on how to proceed. The WSJ said that Mr Trump started to say he would make a move “very” soon but stopped himself and instead said “fairly soon."
He however added "We’re going to be addressing the steel dumping.”
He said the steel issue is a very unfair situation.
Trump recently told reporters that he may slap both tariffs and quotas on countries he thinks are endangering the nation’s security as part of his campaign promise to better protect domestic steel producers.
The results of a Commerce Department investigation were due at the end of June but the long-awaited decision about what to do about steel has been bogged down by widespread opposition from business groups, trading partners and infighting within the White House. Once the investigation does finally hit his desk, Trump will have to determine whether to assess penalties under Section 232 of a 1962 trade law that gives the president the power to apply higher tariffs on imported steel for national security reasons.-The 19th China(Guangzhou)Int''l Stainless Steel Industry Exhibition
