NEW YORK, may 1. /TASS/. USA will be ready to apply in respect of the PRC provisions on trade 1962 and 1974 in the case that the upcoming Beijing talks will not give results. This was stated on Tuesday in an interview with broadcaster CNBC, U.S. Commerce Secretary Wilbur Ross departing on Tuesday evening with a visit to Beijing.
“If we do not achieve a settlement at the talks, we will go the way of the application of sections 232 and 301” – he said, referring to provisions of laws on trade in 1962 and 1974. Section 232 of the Act promoting the trade of 1962 provides for an investigation of the question of how the importation of certain goods affect the national security of the United States, and section 301 of the trade Act of 1974 authorizes the US President to use all necessary measures to counter the limitations of national trade.
“We are well aware, what should be the parameters of the agreement on trade – said the Minister. – All the questions that we will discuss in the course of negotiations, must be subsequently approved by the President, because even if they make concessions on most issues, will those items which are not solved satisfactorily”. “The date of the visit will depend on what progress will be achieved in the negotiations, he said. – We expect that we will return to the US in the coming weekend”.
Last week it became known that the representative of the American delegation will visit the Chinese capital to discuss trade problems between Beijing and Washington. According to news Agency Bloomberg, in addition to the head of the U.S. Treasury Stephen Mnuchin, will travel to China also the US representative for trade negotiations Robert Leitheiser, head of the National Council on trade at the White house Peter Navarro, as well as the head of the National economic Council under President Lawrence Kudlow.
The administration of U.S. President Donald trump on April 3 announced the list of products imported from China, for which the Ministry of Commerce of the United States intends to introduce an additional 25%-s ‘ duties. In response, China’s state Council published a list of American goods, which can be set similar fees. The entry into force of the response depends on whether the United States to act in accordance with the published intentions.
Negotiations with the EU
The Minister also said that the US does not plan to delay the negotiations with the EU on tariffs on imports of steel and aluminum products. “I don’t think we plan to provide a long-term extension of the negotiations, it would have negated the entire point,” said Ross. “About 15% of all imported U.S. steel from the EU, so if we introduce fees, we have to do it pretty soon or people will start to cheat the system,” – said the Minister.
The administration of U.S. President Donald trump April 30, made the decision an additional 30 days to renew talks with the EU, Canada and Mexico on duties on imports of steel and aluminum. With the Republic of Korea, Argentina, Australia and Brazil agreements are reached.
The US 23 March, imposed new duties on steel and aluminium products – 25% for steel and 10% aluminum. They apply to all countries which export products to the USA, but previously deferred until 1 may, Argentina, Australia, Brazil, Canada, Mexico, the Republic of Korea and the countries of the European Union.