US imposes massive duties on steel from seven countries, including SA
New York — The US on Wednesday announced anti-dumping measures on carbon and alloy steel wire rods from Italy, South Korea, SA, Spain, Turkey, the Ukraine, and the United Kingdom — imposing duties of up to 147.6%. Washington held that the countries sold their goods in the US at "less than fair value", according to a statement. "The dumping of goods below market value in the US is something the Trump administration takes very seriously," Secretary of Commerce Wilbur Ross said. The government would "stand up for American workers and businesses in order to ensure that everyone trades on a level playing field". The duties, which differed for various companies within the named countries, ranged from 2.8% to 147.6%. The measures are preliminary until the conclusion of two separate investigations in January 2018, one by the Department of Commerce and the other by the US International Trade Commission (ITC), which was established to provide impartial, independent verdicts. In 2016, imports ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.