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Domestic U.S. industries are pushing the Trump administration to impose higher tariffs on imports from China and other countries with excess manufacturing capacity, while import-reliant and agricultural groups are advocating for a more cautious approach amidst ongoing trade investigations into these issues. #TradePolicy #Tariffs #ChinaEconomy #US #CN #EU #JP #KR #MX #VN #ID #TW #IN #BD #KH
www.reuters.com
US industries, trade groups split over Trump's tariff probe on excess factory capacity
WASHINGTON, May 5 (Reuters) - Domestic U. S. industries are urging the Trump administration this week to impose higher tariffs to curb the rising tide of exports from China and other countries with excess factory capacity, while import-dependent and agriculture groups want a more cautious approach to new trade curbs.