Wednesday, November 28, 2018

Words vs. Actions

The Commerce Department has a process whereby companies whose products are subject to tariffs can file for an exclusion on these products. That is, they don't pay the tariff. Guess what? Since March, when the tariffs of 25 percent on steel and 10 percent on aluminum went into effect, the Commerce Department has approved a higher share of exclusion requests that include imports from China than it has from American allies like Japan and Canada.
Thus far, the administration has granted nearly 3,000 requests that could exempt Chinese-made metal products from the tariffs, according to a congressional analysis.

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