US hikes tariffs on Chinese steel exported via Vietnam

A worker cuts a steel coil at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, March 9, 2018.

Aaron Josefczyk | Reuters

A worker cuts a steel coil at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, March 9, 2018.

The United States has raised tariffs on steel coming from Vietnam of which Washington says originated in China along with evaded anti-dumping duties on Chinese steel.

The announcement following This kind of week’s truce in a broader trade dispute between Beijing along with Washington reflects the wide array of strains within the entire world’s biggest trading relationship.

Importers of corrosion-resistant along with cold-rolled flat steel coming from Vietnam will be required to post deposits to pay possible duties of 39 to 256 percent, the Commerce Department said Monday.

U.S. steel producers complained imports of Chinese-made steel through various other countries soared after Washington imposed anti-dumping charges in 2015 to offset what of which said were improper subsidies by Beijing.

Imports of cold-rolled steel coming from Vietnam rose coming from $9 million to $215 million, the Commerce Department said. of which said imports of corrosion-resistant steel coming from Vietnam rose coming from $2 million to $80 million.

Products affected by the latest tariffs were made in Vietnam using Chinese steel. The Commerce Department said of which triggers the same anti-dumping penalties as steel imported directly coming from China.

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