2016-04-01

Trade War Begins: China Slaps Duties on Japan, EU and Korea Steel

Look for this type of tariff to be met with more retaliation, not less. The game has changed from deescalation to escalation.

Mofcom: 商务部公布对原产于日本、韩国和欧盟的进口取向电工钢反倾销调查初裁决定
April 1, 2016, the Commerce Department released 2016 No. 10 Announcement , published originating in Japan , South Korea and the European Union's import-oriented electrical steel anti-dumping investigation of the preliminary decision.

Commerce Department finds originated in Japan, South Korea and the European Union's import-oriented electrical steel dumping, domestic-oriented electrical steel industry has been substantial damage, and the causal relationship between the dumping and material injury, and decided to implement the product in the form of provisional anti-dumping margin measures. According to the preliminary decision, import operator at the time of importation of the above sources and should provide the appropriate premium to the Chinese Customs in accordance with each company's preliminary decision determined the dumping margin (14.5% -46.3%).

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