We import less steel from Vietnam than we do from China.
We import less steel from Vietnam than we do from China.
Here are some numbers from 2014:
https://www.steel.org/~/media/Files/AISI/Press%20Releases/2015/IMP1412.pdf
If you look at all the different types of steel mill products, it’s clear there’s a lot of room for tacking on nominal value add at some intermediate point to evade tariffs.
The funny thing about these tariffs is that the press is calling Trump insane over 25% tariffs, while being completely blase about these other tariffs that Obama imposed in 2016:
http://www.americanmanufacturing.org/blog/entry/itc-okays-tariffs-on-steel-imports-from-china-japan
Last month, the Commerce Department announced anti-dumping duties of 266 percent on this product from China and 71 percent on this product from Japan, plus an additional countervailing duty of 266 percent on China.