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China angered by more than USD 500 tariffs on CR steel imports into US
Add Time：2016-05-19 21:33:00 Clicks：
China angered by more than USD 500 tariffs on CR steel imports into US
Xinhua reported that China has decried a decision by the United States to impose steep duties on its cold-rolled flat steel. The Ministry of Commerce said China was strongly dissatisfied with the US for its final ruling on Chinese exports of cold-rolled flat steel.
It said “The US adopted unfair methods in its anti-dumping and anti-subsidy probes into Chinese products.”
It added “China is taking action under the World Trade Organization dispute settlement framework.”
It also said “Since 2015, the US has taken frequent trade remedy measures to shift its domestic steel industry hardships abroad, violating the principles of the WTO and disrupting the order of the steel trade.”
It added that the steel industry faces global challenges. Resorting to protectionism will not solve the problem
On Tuesday, the US Commerce Department set anti-dumping duties of 265.79 percent and anti-subsidy duties of 256.44 percent on imports of cold-rolled flat steel from China.
It said “The US adopted unfair methods in its anti-dumping and anti-subsidy probes into Chinese products.”
It added “China is taking action under the World Trade Organization dispute settlement framework.”
It also said “Since 2015, the US has taken frequent trade remedy measures to shift its domestic steel industry hardships abroad, violating the principles of the WTO and disrupting the order of the steel trade.”
It added that the steel industry faces global challenges. Resorting to protectionism will not solve the problem
On Tuesday, the US Commerce Department set anti-dumping duties of 265.79 percent and anti-subsidy duties of 256.44 percent on imports of cold-rolled flat steel from China.