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U.S. sets duties on steel wheels from China

Posted by Politics News Headlines - Yahoo! News On March - 19 - 2012 News Politics

A labourer checks a steel rim at a wheel factory in TianmenWASHINGTON (Reuters) - The United States on Monday set large punitive duties on imports of steel wheels from China that it said were unfairly priced and subsidized, in the latest sign of trade tension between the world's two biggest economies. The U.S. Commerce Department said Chinese producers were selling the steel wheels at prices 44.96 percent to 193.54 percent below fair value. It also said Chinese producers had received government subsidies ranging from 25.66 percent to 38.32 percent of the value of the wheels. ...


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