Monday, January 4, 2010
Chinese Steel to Face New U.S. Tariffs
First China placed tariffs on European steel, now the United States is placing tariffs on Chinese steel. The U.S. is planning on imposing duties valuing $2.8 billion on Chinese steel-pipe imports. The tariff was sent into action in order to protect American steelmakers as the U.S. International Trade Commission unanimously voted for the tariff to pass.