U.S. Sets Preliminary Anti-Circumvention Duty on Certain Vietnamese Steels
07/08/2019 - The U.S. Department of Commerce is imposing new duties on certain cold-rolled and corrosion-resistant steels from Vietnam, arguing that exporters are trying to circumvent fair trade measures by routing substrate from Korea and Taiwan through Vietnam.
In a statement, the Commerce Department said it has instructed customs officers to begin collecting an anti-circumvention duty as high as 456.2%, depending on the origin of the substrate and the type of steel product being exported.
The preliminary action follows a Commerce Department investigation that arose on a complaint from several U.S. producers: Steel Dynamics Inc., California Steel Industries, AK Steel Corp., ArcelorMittal USA, Nucor Corp. and United States Steel Corporation.
“The strict enforcement of U.S. trade law is a primary focus of the Trump administration,” the Commerce Department said in a statement.
