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The United States conducted a double-reverse investigation of Chinese steel products three times in four days.
The US Department of Commerce announced on the 22nd that it will conduct a counter-subsidy and anti-dumping "double-reverse" investigation on China's Stainless Steel drawn troughs, which is taken by the US Department of Commerce within four days to impose punitive tariffs on Chinese-made steel products. The third big move. As the world's largest steel producer, China's steel output is eight times that of the world's third-largest US. Therefore, China has a large number of steel products exported to the United States, causing concern of the US government and related industries. Following the announcement by the US Department of Commerce this week that it plans to impose nearly 200% anti-dumping duties and 38% countervailing duties on Chinese steel wheels, and initially ruled that more than 200% of anti-dumping duties should be imposed on Chinese galvanized steel wire. After the countervailing duty, the US Department of Commerce announced on the 22nd that it would conduct a double-reverse investigation of the Chinese stainless steel sink. In the countervailing case, the preliminary ruling of the Ministry of Commerce will be announced in May, and the preliminary ruling of the anti-dumping case will be announced in August. The total value of stainless steel sinks exported from China to the United States has increased in multiples in three years, from $68 million in 2009 to $118 million in 2011. Among them, stainless steel sinks produced in Guangdong account for 70% of China's total. At the beginning of March, it was warned that once the United States ruled on a high double tax rebate, it would have a major impact on Guangdong's related industries. In fact, US President Barack Obama will legalize the anti-subsidy tax on products from China and other countries only ten days ago. Within ten days, the US Department of Commerce has announced plans to impose countervailing duties on four Chinese-made products.