The US government has hiked import tariffs on some steel imports from Vietnam that they said originated in China and evaded anti-dumping duties on Chinese steel.
The Commerce Department said Monday that importers will be required to post deposits to pay possible duties of 39 to 256 per cent of the value of steel imported from Vietnam that is made with materials from China.
The department said the imports are "circumventing the anti-dumping and countervailing duty" charges imposed on Chinese-made steel beginning in 2015 to offset what Washington says are improper government subsidies.
US steel producers complained imports of Chinese-made steel through other countries soared after anti-dumping charges were imposed.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
