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News > 456%！ The United States announced punitive tariffs on steel products from Vietnam and originating in South Korea and Taiwan (region)

According to Reuters, on the 2nd local time, the U.S. Department of Commerce announced that it would impose up to 456% punitive tariffs on steel products from Vietnam and originating in Taiwan (region) and South Korea

The U.S. Department of Commerce introduced in a statement that these steel products are transported to Vietnam for minor processing after being produced in the origin, and then exported to the United States, so as to avoid anti-dumping and countervailing duties.

The statement said that the United States imposed anti-dumping and countervailing duties on Korean and Taiwanese products in December 2015 and February 2016 respectively. From then on to April this year, the quantity of corrosion-resistant steel and cold-rolled steel exported from Vietnam to the United States increased by 332% and 916% respectively compared with the same period before.

According to Reuters, the U.S. Department of Commerce launched an investigation at the request of a number of U.S. steel