US slaps new duties on some steel goods from Mexico and China, citing what it said the two countries' unfair subsides to the manufacturers
Structural steel imports from China and Mexico together amounted to $1.5 billion in 2018, the Commerce Department said in a statement.
The decision comes two months after President Donald Trump agreed to lift tariffs on steel and aluminum from Mexico and Canada after the three nations agreed on a revised North American free trade pact. The action was in response to a grievance lodged in February by US steel producers. In its preliminary findings Commerce found Mexican and Chinese exporters of fabricated structural steel benefitted from subsidies ranging from 30.3 percent to 177.43 percent.
US customs agents will begin collecting import duties based on the subsidy rates, but the funds could be returned if officials later reverse the finding. The independent US International Trade Commission sometimes blocks Commerce Department actions if they find American firms were not harmed by the subsidies.
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