Tagged: Import barriers

US votes for Chinese steel duties

BBC NEWS | 2009/12/30 | 23:14:22 GMT

A US trade commission has agreed plans to impose tariffs on imports of Chinese-made steel pipes. The US’s International Trade Commission voted unanimously in favour of the tariffs, designed to offset Chinese government subsidies. Duties ranging between 10% and 15% are now set to be imposed. The move is the latest in a string of recent trade disputes between China and the US, who accuse China of using unfair subsidies and price practices.

In November, the US imposed a 35% import duty on Chinese tyres, arguing that large numbers entering the US market was having a disruptive effect. The latest decision clears the way for the Commerce Department to impose the tariffs on steel piping as originally outlined in November. Steel piping is big business in the US, which imported $2.74bn of steel pipe from China last year. The pipes are used in oil wells, and have seen increased demand on the back of rising oil prices.