The U.S. Department of Commerce has decided to impose anti-dumping and countervailing duties on 10 countries following the conclusion of investigations into corrosion-resistant steel imports. The department confirmed that these decisions target approximately $2.9 billion worth of imports from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates, and Vietnam.
The U.S. Department of Commerce stated that the imposition of these duties came after evidence of dumping and unfair subsidy practices in some corrosion-resistant steel-producing countries, which harmed domestic industry in the United States.
The department explained that this step reflects the U.S. administration's commitment to protecting domestic industries from unfair competition, particularly in the steel sector, which is a strategic sector of the U.S. economy.
These decisions come at a time of increasing trade disputes between the United States and several trading partners around the world, particularly regarding steel and aluminum products. Observers point out that the new anti-dumping duties will affect export flows from the countries affected by the decision, and may prompt some of these countries to respond with similar measures or resort to the World Trade Organization to challenge the US measures
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