The US will impose 40% high countervailing duty on steel pipes imported from China

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The US International Trade Commission voted on Monday to levy a high countervailing duty on steel pipes imported from China through the Ministry of Commerce.

The US International Trade Commission supported a six-vote and zero-vote vote on Monday, supporting the US Department of Commerce to impose a countervailing duty of up to 40% on specific steel pipes imported from China. The two steel pipe manufacturers from Texas and U.S. Steel Union Workers Union complained to the U.S. Department of Commerce that Chinese steel pipe producers were subsidized by the Chinese government and there was an unfair price action. Therefore, the U.S. government is required to levy anti-Chinese steel pipe imports. Subsidy tax. According to the U.S. regulations, after the Ministry of Commerce makes a decision on China’s import of steel pipes for countervailing duties, the U.S. International Trade Commission will also need to vote. It is determined that U.S. manufacturers are actually harmed by imported goods and the taxation order will take effect. The U.S. International Trade Commission on Monday The ruling means that China's steel pipe exports will be hit.

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