Han Guogang is expected to levy a high anti-dumping duty on the US steel tax exemption.

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 Han Guogang is expected to levy a high anti-dumping duty on the US steel tax exemption.


Reference News Network reported on May 4th, Korean media said that in May 1st, the US government finally decided to impose 41.1% anti-dumping duties on Korean steel wire products. It is only 1 days since the US President Trump announced the lifting of a 25% tariff on steel products in Korea. According to the Asian economy website in May 3rd, the United States International Trade Commission (USITC) said that 5 countries such as South Korea, such as steel wire goods exported to the United States, have damaged the actual interests of the US steel enterprises and decided to impose a maximum anti dumping duty of 147.63% on the countries in the next 5 years. Britain has the highest tariff rate and South Korea ranks second. Although South Korea has just received 25% of the tariff exemption from steel products, the industry has said that such a two phase offset is of no practical interest. For the two consecutive days in the United States, the South Korean government said: from the very beginning, there are two different problems. Reported that the South Korean government delegation visited the United States in April, and the relevant departments of the United States agreed to relax trade pressure on South Korea. The government has consistently indicated that the results of the consultations are satisfactory and can receive assistance from the United States. The industry criticized the government for being too lax. In fact, it used anti-dumping duties instead of steel tariff exemption. As for the high anti-dumping duties on Korean wire products, the United States also clearly stated that alliance and national interests are two different issues. Industry stakeholders said that there might be many trade frictions between Korea and the United States. This article source: Reference News Net editor: Zhang Haitong _NN9053