GET YOUR EMAIL UPDATES

We send out our lovely email newsletter with useful tips and techniques, recent articles and upcoming events. Thousands of readers have signed up already.
Email address
Secure and Spam free...

Commerce and Industry

The Journal For Business to Business Marketing

Cooden Tax

Government under pressure to act as US slaps 266% tariff on dumped Chinese steel

commerce and industry place holder backup

The UK Government is facing calls from UK Steel, manufacturers and unions to reverse its opposition to higher tariffs for unfairly traded steel after the US moved yesterday to block Chinese steel dumping.

The US Department of Commerce has slapped prohibitive provisional tariffs of 266% on Chinese Cold Rolled Coil. Its strong response to the threat posed by unfairly traded steel contrasts sharply with that of the EU, which has put provisional measures of between 13.8% and 16% in place.

Gareth Stace, Director of UK Steel, said:

The US is showing the way in which to deal with under-priced, unfairly traded and state supported imports from China. It is acting decisively, swiftly and at a level that stops China dumping steel with impunity. By contrast, the meek and mild response in the EU is looking increasingly inadequate.

It begs the question why the UK Government continues to block EU-level attempts to impose higher tariffs. The UK must lift its opposition to the Lesser Duty Rule so that the EU can aspire to Uncle Sam’s strong stance and stand up to the increasing threat posed by China.

Warm words and limited incremental action are not enough given the crisis conditions faced by steel makers across Europe today.

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

You might also like

Business News

Government Response To The Collapse Of Flybe

A Government spokesperson said: “Following a commercial decision by the company, Flybe has ceased trading. “We recognise the impact this will have on Flybe’s passengers and staff. Government staff will be on hand at all affected UK airports to help

Read More »

Latest Issue of Commerce Industry available to view and read online now!

Click To View
X