U.S. in tariff probe of Chinese steel sent through Vietnam – WSJ

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U.S. in tariff probe of Chinese steel sent through Vietnam – WSJ

(Reuters) – The U.S. Commerce Department is expected to launch a formal investigation on Monday into whether Chinese companies shipped steel through Vietnam to avoid import tariffs, the Wall Street Journal reported on Sunday, citing a person familiar with the matter. The development comes after lawyers for four U.S. steel producers said in September that they would file petitions with the department alleging that Chinese competitors diverted shipments to Vietnam immediately after the U.S. government set preliminary anti-dumping duties on their stainless steel. The U.S. firms alleged the Chinese steel was modified to be corrosion-resistant and then sent to the United States at Vietnam's U.S. tariff rate, which is lower than for China.
An employee walks past columns of steel as she works at a steel production factory in Wuhan

http://news.yahoo.com/u-tariff-probe-chinese-steel-sent-vietnam-wsj-021342265–finance.html

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132 comments on “U.S. in tariff probe of Chinese steel sent through Vietnam – WSJ

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