Aluminum foil sets the stage for US and China trade dispute
MLex Market Insight
MLex Market Insight
4.9 • 9 Ratings
🗓️ 13 November 2017
⏱️ 8 minutes
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| 0:00.0 | Hello and welcome to another edition of the Emlex podcast. I'm Leah Nyland, |
| 0:11.9 | Emlex's chief global antitrust correspondent in Washington, D.C. We're here today to talk about |
| 0:17.8 | aluminum foil. Yes, that kind of aluminum foil. |
| 0:22.6 | The kind you might use on a baking sheet to make cookies or to make little hats to keep |
| 0:26.7 | out the aliens. |
| 0:28.5 | You might be surprised to discover that aluminum foil has become a significant flashpoint |
| 0:33.2 | in U.S.-China trade relations. |
| 0:35.6 | Here to talk to us about it is Emlex's US trade correspondent, |
| 0:38.7 | Adam Siegel. |
| 0:40.6 | Hi, Adam. |
| 0:42.0 | Hi, Leah. |
| 0:43.7 | So Adam, can you tell us a little bit about how aluminum foil |
| 0:47.3 | became important and why do China in the US care so much about it? |
| 0:52.8 | So the US and China are fighting over how anti-dumping duties are going to be |
| 0:57.0 | calculated on Chinese imports. And the reason aluminum foil got involved is because aluminum foil |
| 1:03.7 | was the first case that was filed in the United States after a very important date, and that's |
| 1:08.9 | December 16th, 2016. |
| 1:11.7 | And that date is the 15th anniversary of China's joining the WTO, the World Trade Organization. |
| 1:19.4 | And the reason that that's important is that when China joined, they had an agreement |
| 1:23.3 | with all the other members that said, for 15 years, |
| 1:27.5 | you can treat us in a certain way |
| 1:29.3 | when you're calculating our anti-dumping duties, |
... |
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