U.S. Will Collect Double Counter-Tariffs on Steel Produced in China

The U.S. Department of Commerce announced on the 17th a final ruling that it imposed anti-dumping and countervailing duties on steel imported from China for concrete structures.
The U.S. Department of Commerce has determined that the price of steel for concrete structures exported from China to the United States is lower than the reasonable value, and it plans to impose an anti-dumping tax of 42.97% to 193.55% on the import, and another anti-subsidy tariff of 8.85% to 45.85%. In retaliation for China's subsidy policy on construction steel reinforcement.
The above tariffs have not yet come into effect. It is necessary to wait for the United States International Trade Commission to confirm that the importation will cause substantial harm to American producers. The committee is expected to vote on this on June 28.

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