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Posted By thestatedtruth.com on November 5, 2009
US slaps duties on Beijing steel pipe imports
By Sarah O’Connor in Washington
Published: November 6 2009
The US hit China with another big trade action on Thursday as it slapped Âpreliminary anti-dumping duties on $2.6bn worth of Chinese pipe imports.
The commerce department’s decision to impose duties of up to 99 per cent on imports of some steel pipes is the latest in a string of trade spats between over tyres, cars and chickens. It comes less than a fortnight before President Barack Obama’s first visit to China.
The ruling will affect more imports by value than Mr Obama’s recent move to impose duties on Chinese tyres, which sparked an international row in which Beijing accused the US of “rampant protectionismâ€.
The decision was a victory for steel companies, including US Steel Corporation, that petitioned for the duties in April. The United Steelworkers union said the decision was “an overdue message for thousands of American laid-off workers that trade laws are being enforcedâ€. It says nearly half the domestic industry’s workers have been laid off.
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