Decision is latest in 'tit-for-tat' trade war
The United States Commerce Department has announced that it will slap antidumping import duties on Chinese steel pipe used in oil and gas wells. US imports of those goods from China were estimated at $1.1 billion in 2009, though that was well down on 2008’s $2.7 billion.
A group of American manufacturers and trade unions, including U.S. Steel and the United Steelworkers Union, filed a complaint over the issue a year ago.
The Commerce Department said on Friday it had made its "final determination" in the antidumping duty investigation and in a statement it said that China has sold the goods in the United States at 29.94 percent to 99.14 percent less than fair value,
"As a result of this final determination, Commerce will instruct US Customs and Border Protection to collect a cash deposit or bond equal to the weighted-average dumping margins," the statement added.
Tianjin Pipe International Economic and Trading Corp., received a final dumping rate of 29.94 percent, as did 37 other Chinese respondents.
All other Chinese exporters are subject to the final dumping rate of 99.14 percent.
The US International Trade Commission is scheduled to issue its final determination of injury in the case by 24 May.
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