Nov 20, 2010

Evading antidumping duties

What happens to Chinese steel exporters when the US beefs up its protection for domestic steel industries with high-profile anti-dumping and countervailing duties? Smuggling, in the form of transhipment via third countries, of course. The Global Times reports
The US Coalition for Enforcement of Antidumping and Countervailing Duty Orders said it had gathered "compelling evidence of how certain manufacturers (in China) are evading duties"... Chinese manufacturers of steel wire products evade antidumping duties via third countries... The coalition, comprising six companies manufacturing steel wire products, claimed the resulting duty evasion costs the US "at least $84 million annually" and "threatens jobs."

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