May 26, 2016

China is getting hit with eye-watering new tariffs on steel to stop it flooding the market

by Oscar Williams-Grut & David Lawler

WASHINGTON (Reuters) and LONDON – Corrosion-resistant steel from China will face final US anti-dumping and anti-subsidy duties of up to 450% under the US Commerce Department’s latest clampdown on a glut of steel imports, the agency said on Wednesday.

The EU is also threatening to levy similar tariffs on Chinese steel, ahead of the G7 summit in Japan this week…