China disappointed with U.S. taxes on Chinese steel productsStaff Writer | February 4, 2017
China is disappointed at the continued high U.S. tax rates on Chinese steel products and will take the necessary steps to protect the rights of its enterprises, an official at the Ministry of Commerce said.
Trade dispute Anti-dumping duties
"In the anti-dumping probe, investigating departments disregarded the cooperation of the Chinese government and Chinese enterprises," Wang said.
Earlier this week, the United States moved closer to slapping duties on imports of stainless steel sheet and strip from China, issuing a final determination that the products were being subsidised and dumped in the U.S. market at below fair value.
The U.S. Commerce Department said it affirmed anti-dumping duties ranging from 63.86 percent to 76.64 percent on the imports.
The duties will go into effect for five years if the U.S. International Trade Commision subsequently affirms its earlier finding that U.S. producers were being harmed. The commission is due to make its final determination on or about March 20. ■