The US’s latest decision on imposing tariffs on more than 400 percent of steel imports from Vietnam is not expected to have a significant negative impact on Vietnam’s steel industry.
The US Department of Commerce (DOC) on July 2 said some CR (cold rolled) and CORE (corrosion resistant steel) products are shipped from Taiwan and South Korea to Vietnam for minor processing before being exported to the US to avoid taxes the US imposes on the two trade partners.
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If CR and CORE steel are made of materials from Vietnam, it will not be subject to this kind of taxation. |
If CR and CORE steel are made of materials from Vietnam, it will not be subject to this kind of taxation.
Kim Chi
India opens investigation into steel imports from Vietnam
India’s Directorate General of Trade Remedies (DGTR) has initiated an investigation on potential anti-dumping duties against imported flat rolled stainless steel products from 15 countries and territories including Vietnam.
Trade Ministry urges use of domestic steel given steep U.S. tariffs
The Ministry of Industry and Trade has called for steelmakers to switch to using domestic materials following the US’ announcement of steep duties on steel products from Vietnam that are originally made in South Korea and Taiwan.
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