Posted on 09/12/2016 3:13:38 PM PDT by ameribbean expat
WASHINGTON, Sept. 12 (Xinhua) -- The U.S. Commerce Department on Monday announced its preliminary affirmative determination in the antidumping duty investigation against imports of stainless steel sheets and strips from China, signaling that it may pose punitive duties on the products.
The department said that such products from China had been sold in the United States at dumping margins of 63.86 percent and 76.64 percent.
As a result of the preliminary affirmative determinations, the Commerce Department will instruct U.S. Customs and Border Protection to require cash deposits based on these preliminary rates.
The Commerce Department launched antidumping duty and countervailing duty (CVD) investigations against imports of such products from China in March 2016, in response to a request from AK Steel Corporation and three other U.S. steel companies. ... The Chinese Ministry of Commerce has kept urging Washington to abide by its commitment against protectionism and help maintain a free, open and just international trade environment.
(Excerpt) Read more at news.xinhuanet.com ...
Isn’t this a key plank of the Trump Campaign?
LOL - Like I’ve said before, Trump is already the de facto President. He says something needs to happen, and voila, it happens. Just wait ‘til he IS the President!
I wonder how long Mexico and China have been cheating on aluminum shipments to the US?
Are duties tariffs?
But, but but, ... the Pravda media keep telling us that Trump can’t do anything about import dumping and outsourcing...
Most Chinese stainless steel (kitchenware) as sold by Walmart, isn't.
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