U.S. Quickly Retaliates on Steel

BBC: US slaps China steel imports with fivefold tax increase

The US has raised its import duties on Chinese steelmakers by more than fivefold after accusing them of selling their products below market prices.

The taxes of 522% specifically apply to Chinese-made cold-rolled flat steel, which is used in car manufacturing, shipping containers and construction.

The US Commerce Department ruling comes amid heightened trade tensions between the two sides over several products, including chicken parts.

This comes in the wake of rising Chinese steel production and increased support for steel exports.

Poeple's Daily: China angered by U.S. ruling on Chinese steel exports

The Ministry of Commerce (MOC) said China was "strongly dissatisfied" with the United States for its final ruling on Chinese exports of cold-rolled flat steel.

MOC criticized the United States for adopting unfair methods in its anti-dumping and anti-subsidy probes into Chinese products and urged the U.S. to rectify its mistakes.