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US to Impose Duties on China Imports of Steel

September 9th, 2009 · No Comments

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).

Tags: China Trade

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