The US Commerce Department has announced it will impose a 31 percent duty on Chinese imports of steel according to Bloomberg.
The key driver for the decision by the US is claims by the American steel industry that the China government is subsidising the industry in China.
While the move by the US may be justified, the China trade news is another sign of a protectionist trend by US and the Chinese government has already filed a complaint with the World Trade Organization (WTO).
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment