20.8 C
New York
Thursday, October 21, 2021

U.S. to impose new duties on Chinese aluminum sheet products: sources

U.S. to impose new duties on Chinese aluminum sheet products: sources© Reuters. FILE PHOTO – A worker checks aluminium rolls at a warehouse inside an industrial park in Binzhou

WASHINGTON (Reuters) – The U.S. Commerce Department on Wednesday is expected to impose final anti-dumping and anti-subsidy duties on Chinese common aluminum sheet products of 96.3 percent to 176.2 percent, sources familiar with the decision told Reuters.

The decision marks the first time that final duties were issued in a trade remedy case initiated by the U.S. government since 1985. The Trump administration has promised a more aggressive approach to trade enforcement by having the Commerce Department launch more anti-dumping and anti-subsidy duties on behalf of private industry.

The final aluminum sheet duties, however, were reduced from those first imposed in April and July, according to the sources. The initial combined range was 198.4 percent to 280.46 percent.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

10,830FansLike
12,893FollowersFollow
755FollowersFollow
- Advertisement -

Latest Articles

Popular Articles