Trump claims tariffs on foreign nations will rescue U.S. steel industry

Hershey Kisses

A spokesperson from China's Ministry of Commerce said on Tuesday that the tariffs are suspected of violating WTO rules and therefore undermining the WTO's authority.

China filed a complaint to the World Trade Organization (WTO) over the decision of the United States to subsidize its renewable energy companies and impose tariffs on imported products, local press reports.

The decision was triggered by the U.S. International Trade Commission delivering three separate sets of recommendations to Trump created to curb imports of solar components, ranging from quotas to a tariff on imports of 35 percent. Suniva, based in the United States, and SolarWorld, whose parent is in Germany, said imposing tariffs would lead to more jobs in the solar industry in the United States.

He told the Journal the 25 percent tariffs on steel will rescue an industry important to US national security. For the solar panel industry, China has about 60 percent of the payrolls, representing about 2.2 million employees.

"While taking protectionist measures against imported photovoltaic products, the USA provided subsidies to domestically produced photovoltaics and other renewable energy products", the ministry said in a statement. With these new duties, tens of thousands of jobs could be lost, not created.

Following that, Washington imposed its first round of 25 tariffs on $34 billion of Chinese goods on July 6 in response to complains Beijing steals or pressures foreign companies to hand over technology. Trump announced earlier this year that he would impose global tariffs of 25% on imported steel and 10% on aluminum, citing national security concerns. China filed a complaint with the WTO to help determine the legality of the USA policies, saying they not only harm China's rights but also undermine the WTO's authority, according to Reuters.

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