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Article: US mulls import penalties on Chinese steel pipes.
- Article from:
- Times of Oman (Muscat, Oman)
- Article date:
- October 9, 2009
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WASHINGTON: The United States launched a probe Wednesday to consider slapping almost 100 percent tariffs on imported steel pipes from China in a move that could widen a trade spat between the two key powers.
Washington has decided to "initiate antidumping and countervailing duty investigations on imports" of Chinese "seamlessEoe1/4A[yen] pipes used to convey water, steam, chemicals, oil products and natural gas, the Commerce Department said. The pipes were allegedly backed by unfair subsidies.
Dumping occurs when a foreign company sells a product in the United States at less than normal value. Subsidies are financial assistance from foreign governments ...