The US Department of Commerce (DOC) has announced preliminary rulings on the circumvention inquiries into Vietnamese cold-rolled steel (CRS) and corrosion-resistant steel (CORE) exports made from materials imported from Chinese Taiwan and the Republic of Korea (RoK).
Vietnamese manufacturers should use domestically-sourced raw materials to avoid incurring U.S. tariffs, Vietnam's foreign ministry said on Thursday, days after Washington said it would impose large duties on some steel products shipped through the Southeast Asian country.
The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has initiated the probe as it has found evidence of dumping of "coated/plated tin mill flat-rolled steel products" from these countries.
The just concluded G20 Summit in Osaka witnessed President Xi Jinping achieving diplomatic success in terms of upholding multilateralism, partnerships, mutually beneficial cooperation and providing directions for global growth and global governance.
The United States will impose duties of up to 456 percent on certain steel products that are made in South Korea or Taiwan …then sent to Vietnam for minor processing …and exported to the U.S.