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The United States imposed new duties on steel from China

North America / Asia

According to experts, import tariffs the United States caused by China in the first half of the current year, $ 35 billion in net loss and resulted in a reduction of Chinese exports to the United States by 25%.

The United States imposed new duties on steel from China

the Ministry of Commerce approved antisubsidies duties against the supply of steel brackets and other fasteners from China ranging from 12.38% to 156,99%. On Tuesday, the Department of Commerce instructed Customs and border protection U.S. to collect taxes from importers from China on the basis of these preliminary rates.

In 2018, the import of steel brackets from China were estimated at 88.8 million dollars.

the investigation into the subsidization of imports was initiated at the request of the company Senco Kyocera Industrial Tools, Inc. (Cincinnati, Ohio).

"Strict adherence to trade laws the US is the main task of the administration to trump," said the Ministry.

Since the beginning of the current administration, the Ministry of Commerce 184 the beginning of new investigations on anti-dumping and countervailing duties, which is 235 per cent more than in the same period of the previous administration.

last week at the Ministry of Commerce of China said that Beijing and Washington failed to agree on the basic provisions of the forthcoming trade agreement between the two countries.

United Nations Conference on trade and development (UNCTAD) concluded that the United States imposed additional tariffs on products from China has dealt a blow to both countries.

In its report released Tuesday in Geneva, attention is drawn also to the fact that Chinese firms, despite the actions of the US, demonstrated a high competitiveness, retaining 75% of its exports to that country.

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