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US And India Make Their Citizens Poorer With Anti-Dumping Steel Tariffs
10/08/2016
It shouldn’t be that a government does this, takes an action which deliberately and specifically makes its own citizens poorer, but it’s a remarkably common action that governments do take. For such is the power of the misundertanding of trade that protectionism will win out.The essential point to understand about trade is that it is the imports which make us richer. And the cheaper those imports are the richer we become. Placing import tariffs upon things which make us richer is thus somewhere between very stupid and lunatic. And yet that is what the governments of both the US and India have just done. Placed import duties upon certain types of steel on the grounds that it is too cheap, makes their own citizens too much richer
India slaps anti-dumping duty on steel products from 6 nations
10/08/2016
NEW DELHI: India today imposed anti-dumping duty on certain hot-rolled steel products from six nations including China and South Korea with an aim to guard domestic players from cheap imports. The duty will be the difference between the landed value and the respective prescribed value which is USD 474 per tonne and USD 557 per tonne.
Why is US targeting POSCO?
10/08/2016
US antidumping tariffs may have limited impact on Korean steelmakers
10/08/2016
Korean steelmakers will not suffer a direct impact from the U.S.’ antidumping tariffs, local analysts said Monday.
The U.S Department of Commerce on Friday made a decision to impose nearly 60 percent of antidumping duties on hot-rolled flat steel exported by Korean companies, reports the Korea Herald.
The U.S Department of Commerce on Friday made a decision to impose nearly 60 percent of antidumping duties on hot-rolled flat steel exported by Korean companies, reports the Korea Herald.
