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US lays anti-dumping duties on steel from China www3.nhk.or.jp
The United States will impose hefty anti-dumping duties on a type of steel widely used in car production. The decision mainly targets China.
The International Trade Commission said on Wednesday that cold-rolled steel products are hurting US producers.
The commission slapped duties of more than 260 percent on Chinese products, in addition to tariffs of more than 250 percent, to offset China's export subsidies.
Japanese makers will also be hit with a roughly 70 percent anti-dumping tariff on the steel products.
US steel makers filed a complaint about the products last July, saying Chinese companies had more than tripled their exports to the United States in 2014 from the previous year by dumping cheap products.
The leaders of the Group of Seven countries discussed the issue in the Ise-Shima Summit in May.
The two US presidential candidates are also focusing on the issue in their campaigns.
Published Date:2016-06-23
