(Kelly Cryderman – Globe & Mail)
The U.S. Department of Commerce has announced anti-dumping duties on large-diameter welded pipe from six countries including Canada, hitting a Regina-based steel producer already targeted by the Trump administration’s trade measures.
On Tuesday, the U.S. department announced preliminary determinations in anti-dumping duty investigations of imports of large-diameter welded pipe – used to transport oil, gas and other fluids – from Canada, China, Greece, India, Korea and Turkey.
Dumping occurs when a foreign company sells an imported product at an artificially low price. The U.S. Department of Commerce says it will now instruct U.S. Customs and Border Protection to collect cash deposits from importers of large-diameter welded pipe from those six countries. Canada’s rate, based on what U.S. officials say is this country’s artificially low price, is set at 24.38 per cent. The duties take effect within the week. Click here to read more.
- U.S. Department of Commerce Press Release
- U.S. to Impose Anti-Dumping Duties of 24% Plus on Canadian-Made Pipes (Canadian Press)
- U.S. Hits Chinese Pipes With 132% Import Duties (Agence France-Presse)