U.S. Department of Commerce preliminary ruling on imposing punitive tariffs on Chinese steel products

Source: Internet
Author: User
Keywords China China punitive
Xinhua Washington, October 27 (Xinhua Liu Hongliulina) The United States Department of Commerce 27th, the Chinese steel strand and steel grating products exist government subsidies, the initial ruling on the two products imposed punitive tariffs.  The U.S. Department of Commerce issued a statement on the same day that China's steel strand and steel grating products exist government subsidies, affected by this, the two products to the U.S. exports significantly increased, so decided to China's steel strand products to implement 7.53% to 12.06% punitive tariffs on China's steel grating products to implement 7.44% of punitive tariffs.  U.S. statistics show that the two products in 2008 exports to the United States amounted to about 270 million U.S. dollars. The U.S. Department of Commerce is expected to make a final decision on the two cases early next year. According to the US countervailing investigation procedure, the Ministry of Commerce ruled that the main concern was whether there was a subsidy and what the extent of the subsidy was;  If the two institutions make a positive final, the U.S. Department of Commerce can order the Customs to implement countervailing sanctions against the products concerned. "Made in China" is becoming the biggest casualty of America's protectionist rise, influenced by a combination of domestic economic slowdown, rising protectionism and manipulation by politicians.
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