On February 24, 2010, the US Department of Commerce announced a preliminary ruling that imposed a countervailing duty ranging from 11.06% to 12.97% on seamless steel pipes imported from China. The US Commerce Department said in a statement that from 2006 to 2008, the US imported seamless steel pipes from China increased by 131.52%, and the amount increased to about 382 million US dollars.
In October last year, the US Department of Commerce filed a countervailing case on the request of the US Steel Corporation, V&M Star, TMK IPSCO, and the Liancheng Fengshuo Seamless Steel Pipe of the United Steelworkers' Federation. At that time, officials of the Ministry of Commerce of China had said that they blindly accused of dumping or subsidies on imported products from China and lacked factual basis. China firmly opposed this.
At the beginning of November last year, the US International Trade Commission had made a preliminary decision on this. The current schedule shows that the US Department of Commerce will make a final ruling in May this year, and the US International Trade Commission will make a final ruling in June.
Affected by the financial crisis and economic recession, the United States has frequently used trade remedy measures since 2009.
A new research report by Chad Brown, a senior economist at the World Bank responsible for international trade research, told Xinhua News Agency that in 2009, the number of trade restrictions on countervailing, anti-dumping and special safeguards implemented worldwide increased from 2008. 29.5%. Trade protectionist measures have become an important hidden danger affecting the recovery of the world economy.
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