U.s. Stainless Steel Imports From China Will Levy Punitive Tariffs On Welded Pipe

Just passed the "buy American" provisions and otherexport tax rebate on the RMB exchange rate issue
countries to limit Chinese steel exports to the U.S.,and the local government to encourage subsidies. But
the United States on China's steel exportsin fact, the Chinese export tax rebates on exports is
anti-dumping countervailing wielded a big stick.in line with international trade theory, and must not
Reporters yesterday that the United Statesbe subsidized. And domestic Steel Enterprises are in
International Trade Commission voted to local timeaccordance with the market economy "through self"
Thursday on imports from China stainless steelin operation. United States should not take on the
welded pipe high-pressure anti-dumping and"three-capital enterprises" standards to state-owned
countervailing duties, that these products harm theenterprises, if the state funding to the private steel
interest of U.S. manufacturers.companies, it be called subsidies.
This U.S. Department of Commerce on the tube,"Moreover, under international trade rules, nor should
clearing the way tariffs. According to the U.S.a country with the same commodities in the double
program, only the United States International Trade(anti-dumping anti-subsidy) investigation." Zhou pointed
Commission ruled affirmative, the Commerceout.
Department before it is sent to the trading of relatedAccording to report, after the Chinese government
products countervailing and anti-dumping dutieshas drawn on the U.S. trade sanctions against the
imposed directives. U.S. Commerce DepartmentWorld Trade Organization (WTO) to rule. Apart from
decided last month, will the steel by 10.5% ~ 55.2%U.S., EU and Australia in recent months, China's steel
levy anti-dumping duty and 1.1% ~ 299.2% of theexports have started anti-dumping
countervailing duty.anti-subsidy-related investigations.
Industry is expected, due to the weak economy andIn fact, since last year, a continuous adjustment of
foreign trade barriers set up, China's steel exportsChina's steel export tax, as well as the impact of the
this year will be even more difficult.weak international economy, the momentum of the
The United States, following Korea, the Europeandomestic steel export has been inhibited, steel
Union, the country's third largest steel productsexports decreased month by month, January exports
exporter, while China's exports of steel products,hit a record low and even.
mainly to steel products."My iron and steel" the source told reporters Liu
This is not the first time U.S. exports of steelanalyst expects the pressure on China's steel exports
products in China to make anti-dumping countervailingwill significantly increase over last year, in addition to
sanctions. China's WTO Research Association, Zhouweak demand, foreign trade protection, exchange
told reporters: Foreign holdings of countervailingrates and other unfavorable factors will increasingly
"evidence", the main export products of China'sdomestic steel more difficult to export.