Chinese steel wheels getting dumped in the US - Reuters

Joshua Gibson FXStreet

As reported by Reuters, Chinese steel products are still making their way into the US at dumping levels, pushing the US Commerce Department to deploy anti-dumping measures.

Key quotes

"The department, which had previously found the imports were being unfairly subsidized, said they were being dumped at a margin of 231.7 percent and it instructed U.S. border officials to collect cash deposits at that rate."

"The department opened the investigation based on complaints by Accuride Corp of Evansville, Indiana, and Maxion Wheels Akron LLC, of Akron, Ohio. It said in a statement it was scheduled to issue its final determination in the case in early January."

"U.S. antidumping moves represent another front in the trade conflict between Washington and Beijing. U.S. President Donald Trump may meet with Chinese President Xi Jinping at the G20 summit next month to discuss trade."

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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