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U.S. International Trade Commission rules in favor of U.S. steel industry on subsidized Chinese imports
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| Contributor | ArmyDem |
| Last Edited | ArmyDem Dec 31, 2009 04:26pm |
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| Category | News |
| Media | Newspaper - Washington Post |
| News Date | Thursday, December 31, 2009 10:25:00 PM UTC0:0 |
| Description | By Peter Whoriskey
Washington Post Staff Writer
Thursday, December 31, 2009
The U.S. International Trade Commission ruled Wednesday that a surge of subsidized Chinese steel has harmed or threatens to harm the U.S. industry, acting in one of the largest trade cases ever involving the two countries.
The volume of the steel pipes imported from China more than tripled from 2006 to 2008, rising from $681 million to $2.8 billion, according to the most recent Commerce Department figures.
The case means that the United States can collect duties on the Chinese imports.
"This is great news for the U.S. steel industry," said Roger Schagrin, an attorney for the U.S. steelmakers and the United Steelworkers union.
The case also promises to heighten U.S.-China trade tensions, which were aggravated earlier this year when the Obama administration imposed a tariff on imported Chinese tires.
Because the recent case was decided by the commission after a judicial-like process rather than by the administration, trade observers said the case may be less likely to provoke a reaction from the Chinese government. |
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