Todd Bishop
The Ministry of Commerce announced that the anti-dumping duties on imports of steel pipes from the United States and the European Union will be adjusted from 57.9% to 147.8% on Friday (14th).
The Ministry of Commerce issued the 24th Announcement of the year on the same day, and decided to review the investigation results according to the period. The anti-dumping duty rate applicable to the import-related high-temperature pressure-bearing alloy steel seamless steel pipes originating in the United States and the European Union from Friday is 57.9%. 147.8%. This is 14.1% from the current, up to 10 times.
The China-US trade war that began in 2018 has continued to this day, and there are no signs of hope for resolution. After the 11th round of negotiations between the two countries from May 9 to 10, the United States imposed tariffs on Chinese imports of 200 billion U.S. dollars on schedule, and the tax rate increased from 10% to 25%. On the evening of May 13, the Office of the Customs Tariff Commission of the State Council of China announced that some US goods on the $60 billion list of tariffs have been imposed, with tariffs of 25%, 20% or 10% respectively. Taxpayer items that have previously been subject to a 5% tariff will continue to be subject to a 5% tariff.
The international community is watching the meeting between the two heads of state, will it be an opportunity to cool down the “war”. The Group of 20 (G20) Osaka Summit was held from June 28 to 29, and it is concerned whether President Xi Jinping will meet with US President Donald Trump. The Chinese only said that they knew the will of the United States, but did not confirm the meeting arrangements.
The United States has been on Monday (10th) and Friday (14th) Urging Beijing to arrange the first meeting of the US dollar, White House economic adviser Larry Kudlow said on Thursday that Trump is still waiting for China to respond to his meeting with Xi Jinping to restart trade negotiations. He said that if China refuses to invite or faces consequences.
