The Hanoitimes – Customs officials have been ordered to collect cash deposits at rates as high as 456.23% on imports of the steel products produced in Vietnam using material from South Korea and Taiwan. Vietnam imposes anti-dumping duties on China’s steel products Customs agency to tackle US-bound foreign goods forging Vietnam’s origin Vietnam, US boost customs cooperation Drastic measures in place to prevent Chinese goods from forging Vietnam’s origin The US Commerce Department decided to imposed import duties of more than 400% on steel imports from Vietnam, accusing some businesses of shipping products from the Southeast Asian nation to evade the levies in a further escalation of tension between the two trading partners, Bloomberg reported. Illustrative photo. In three preliminary circumvention rulings on Vietnamese steel, the Commerce Department said certain products produced in South Korea and Taiwan were shipped to Vietnam for minor processing before being exported to US as corrosion-resistant steel products and cold-rolled steel. Customs officials have been ordered to collect cash deposits at rates as high as 456.23% on imports of the steel products produced in Vietnam using material from South Korea and Taiwan. In the first five months of 2019, Vietnam exported 2.93 million tons… Read full this story
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