The Trump administration is working on a new executive order that would target unfair dumping from foreign companies, with a focus on aluminum and steel, Fox News learned Sunday.

The investigation is part of the president’s plan to protect American workers and make good on his campaign promises on fair trade, and cut practices from foreign governments who use subsidization to make products cheaper, a high-ranking White House official on economic policy told Fox News.

“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,” the official said. “But whichever action we take would be informed by the results of the investigation and not by predetermined conclusions.”

The plan is still being ironed out, but the order could come later this month.

Fox News’ Serafin Gomez contributed to this report.

Source link

About the Author:

Leave a Reply