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US Lawmakers Ramp Up Trade Heat On China Over Auto-Parts Tariffs

From bnnbloomberg.ca

Republican lawmakers accused a Chinese auto-parts maker of a “blatant” effort to evade US tariffs in the latest sign of rising pressure in Washington to limit China’s growing presence in the car business. Calling the alleged violations a threat to national security, the legislators demanded Department of Homeland Security Secretary Alejandro Mayorkas investigate Qingdao Sunsong Co. Ltd. for routing shipments of rubber-hose products through Thailand to evade 25% tariffs imposed on its US unit. “Reviews of Qingdao Sunsong’s public disclosures lay out a case of blatant trade fraud that is having a catastrophic impact on ... (full story)

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  • Category: Fundamental Analysis