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View Full Version : U.S. Slaps Duties on Vietnamese Steel Originating From China




Swordsmyth
12-06-2017, 12:02 AM
The U.S. Commerce Department on Tuesday slapped steep import duties on steel products from Vietnam that originated in China after finding they evaded U.S. anti-dumping and anti-subsidy orders. The decision marked a victory for U.S. steelmakers, who won anti-dumping and anti-subsidy duties against Chinese steel in 2015 and 2016 only to see shipments flood in from elsewhere. The industry has argued that Chinese products are being diverted to third countries to circumvent the duties.

The Commerce Department said it would apply the same Chinese anti-dumping and anti-subsidy rates on corrosion-resistant and cold-rolled steel from Vietnam that starts out as Chinese-made hot-rolled steel.

Although the product was processed in Vietnam to be made corrosion resistant or cold-rolled for use in autos or appliances, the Commerce Department agreed with the claims of American producers that as much as 90 percent of the product's value originated from China.

More at: https://money.usnews.com/investing/news/articles/2017-12-05/us-slaps-duties-on-vietnamese-steel-originating-from-china