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U.S. slaps ‘America First’ tariffs on washing machines and solar panels

WASHINGTON: The US has approved controversial tariffs on imported washing machines and solar panels.
The move is in line with President Donald Trump’s “America First” trade policy, which aims to protect local manufacturers from foreign competition.
A spokesman said the administration would “always defend American workers, farmers, ranchers and businessmen”.
But China and South Korea, whose manufacturers will be most heavily affected, criticised the move.
US officials said more trade enforcement actions would follow.
Mr Trump has talked about taking the action ever since coming to office. In his inauguration speech a year ago he promised to protect US borders from other countries “making our products, stealing our companies and destroying our jobs”.
The actions are being seen as the president’s most significant trade moves since his decision to pull the US out of the Trans-Pacific Partnership deal (TPP) and renegotiate the North American Free Trade Agreement (Nafta).
The tougher policy was approved by President Trump after the US International Trade Commission found local manufacturers were being hurt by cheaper imports.
The tariffs set on solar panels were lower than domestic US producers had hoped for, but the duties on washing machines and parts were steeper than expected -adding as much as 50% in some cases, according to US documents.
South Korea said it would complain to the World Trade Organization (WTO), calling the tariffs “excessive” and “regrettable”. Its manufacturers, including Samsung and LG, compete in the washing machine market with US firms such as Whirlpool.
Meanwhile China, the world’s biggest solar panel manufacturer, said the move would further damage the global trade environment.

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