SoylentNews

U.S. Quintuples Taxes on Chinese Cold-Rolled Flat Steel

posted by cmn32480 on Thursday May 19 2016, @01:18AM   
from the buy-Chinese-it's-a-steal dept.

takyon writes:

The U.S. Commerce Department has massively increased the taxes on a particular kind of imported Chinese steel. U.S. steelmakers are separately asking the International Trade Commission to ban all Chinese steel imports:

The US has raised its import duties on Chinese steelmakers by more than five-fold after accusing them of selling their products below market prices. The taxes 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. Steel is an especially sensitive issue. US and European steel producers claim China is distorting the global market and undercutting them by dumping its excess supply abroad.

---

Original Submission

• Re:VAT/SAT or bust Re:VAT/SAT or bust (Score: 2) by devlux on Thursday May 19 2016, @04:37AM

  by devlux (6151) on Thursday May 19 2016, @04:37AM (#348167)

  Oh yeah, I thought that was implied but I guess not. But of course, migration should be free and open to all free people at any time for any reason to any destination.

  Parent

  Starting Score:	1		point
  Karma-Bonus Modifier		+1
  Total Score:		2

• Re:VAT/SAT or bust (Score: 2) by GungnirSniper on Saturday May 21 2016, @06:35PM

  by GungnirSniper (1671) on Saturday May 21 2016, @06:35PM (#349174) Journal

  That sounds like a horrible world where we are mostly transients to earn enough to eat. There's more to life than chasing fiat dollars.

  --
  Tips for better submissions to help our site grow. [soylentnews.org]

  Parent