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IMA Files Comments on Administration's Tariff Proposals

Posted By Chris Greissing, Wednesday, September 12, 2018

Late last week, the Industrial Minerals Association filed the attached comments to the United States Trade Representative on the Trump Administration's proposed actions pursuant to Section 301: China's Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property and Innovation.  While we agree that something needs to be done to address China's unfair trade practices and policies, we are extremely concerned that starting a trade war with the Chinese could have significant, long-lasting impacts on the economy and the industrial minerals industry more specifically. 

IMA encouraged the Administration to take an approach that relied more upon constructive negotiations than tariffs in attempting to negotiate with China to address their current trade practices.  One of the primary concerns had been that retaliatory tariffs that have been proposed by China if the U.S. were to move forward with this latest round of tariffs could impact our industrial significantly, and prevent the U.S. manufacturers from being able to compete globally.  Another serious concern is that the industrial minerals industry relies on equipment, chemicals and other materials that they source from China in order to process and produce the industrial minerals into a marketable product, and the proposed U.S. tariffs on Chinese goods will have a significant impact on the ability to business.

Please let IMA staff know should you have any questions. 

We will be having John McDermid, President and COO of the International Business Government Counsellors, Inc.  speaking on this topic as well as other ares involving trade (including the new NAFTA proposals) that could impact the industrial minerals industry at the Industrial Minerals Association conference in 2 weeks out in Napa Valley, California.  If you have not registered yet for that conference, please let IMA staff know, and we can help to get you registered and help you with getting a hotel room. 

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