Economy
US slaps punitive tariffs on Chinese wire decking
(Xinhua)
Updated: 2010-06-05 10:42
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WASHINGTON - The US Commerce Department Friday set final anti-dumping duties (AD) and countervailing duties (CVD) on imports of HU$235.9 million wire decking from China, a move which might escalate trade disputes between the two countries.
"Commerce determined that Chinese producers/exporters have sold wire decking in the United States at 14.24 to 143.00 percent less than normal value," said the department in a statement.
Chinese Minister of Commerce Chen Deming recently called on world governments to remain alert to trade protectionism for the sake of a global recovery.