U.S. Imposes Duties On Steel From China And Mexico After Investigation

SMS
U.S. Imposes Duties On Steel From China And Mexico After Investigation
The U.S. imposed up to a 141% duty on certain steel imports from China and up to a 31% duty on the same imports from Mexico.
SHOW TRANSCRIPT

The U.S. has placed anti-dumping duties on certain steel imports from China and Mexico.

The U.S. Commerce Department placed up to a 141% duty on some fabricated structural steel from China and up to a 31% duty on the same imports from Mexico.

An anti-dumping duty is imposed on imported products believed to be priced low enough to undercut U.S. manufacturers.

An investigation by the Commerce Department found China and Mexico have been exporting fabricated structural steel well below fair market value. That investigation also cleared Canada of possible U.S. dumping law violations. The findings are preliminary and could be reversed. The department is scheduled to release its final determinations early next year.

Structural steel imports from China and Mexico were valued at around $1.5 billion last year.