01:33 GMT31 October 2020
Listen Live
    US
    Get short URL
    1712
    Subscribe

    Donald Trump is considering an executive order which will launch formal investigation of the US international trade partners' dumping activities.

    MOSCOW (Sputnik) — US President Donald Trump is considering  an executive order which will launch formal investigation of the US international trade partners' dumping activities and its effect on the country's trade deficit, media reported Monday, citing a White House official.

    “The administration would use the results of that investigation to determine the best path forward, which could potentially include everything from no action at all to the levying of supplemental duties. But whichever action we take would be informed by the results of the investigation and not by predetermined conclusions,” the US official said, as quoted by the Washington Post newspaper.

    On Thursday, the US Department of Commerce established that imports by two German steel companies had been dumping steel plates in the US market and calculated higher duty rates for them, as well as for firms from Austria, Belgium, France and Italy. In response, German Foreign Minister Sigmar Gabriel asked EU authorities  to consider filing a lawsuit with the World Trade Organization (WTO) over the US’s "unfair," anti-dumping measures.

    U.S. President Donald Trump reacts after delivering his first address to a joint session of Congress from the floor of the House of Representatives iin Washington, U.S., February 28, 2017
    © REUTERS / Jim Lo Scalzo/Pool
    Also on Thursday, a number of US senators urged Trump to press Chinese President Xi Jinping on halting the illegal dumping of cheap Chinese steel into the US steel market.

    During his campaign for the Presidency, Trump repeatedly accused China of taking advantage of the United States and pledged to reduce US-China trade deficit and bring manufacturing jobs back to American shores.

    Trump's administration has also adopted America First Trade Policy, which focuses on bringing jobs and investments to the country. On January 23, the US president signed an executive order withdrawing Washington from Trans-Pacific Partnership (TPP) free trade treaty, and promised to renegotiate the North American Free Trade Agreement (NAFTA).

    Related:

    Trump to Sign Orders to Curb Trade Abuses Affecting US Deficit - Commerce Chief
    Trump Claims US, Germany Will Cooperate 'Fantastically Well' on Trade
    Trade Rep Nominee Says Trump Will Defend US Against China Despite Trademarks
    Tags:
    investigation, trade partnership, Donald Trump, US
    Community standardsDiscussion