中美關係

US moves step closer to duties on China steel

The US has paved the way for the imposition of duties of as much as 500 per cent on Chinese cold-rolled steel, used to make cars and washing machines, as a backlash escalates against a glut of Chinese steel flooding global markets.

The US Department of Commerce said it had determined that imports of Chinese cold-rolled steel should be subject to anti-subsidy duties of 256.4 per cent and anti-dumping duties of 265.8 per cent.

Those duties could come into effect as soon as this summer if a separate review determines that the imports have caused “injury” to the US steel industry.

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