73°

Topics

Metal
U.S. moves to levy tariffs on steel from South Korea, 8 other nations
U.S. moves to levy tariffs on steel from South Korea, 8 other nations

The U.S. government moved to impose substantial punitive tariffs on hundreds of millions of dollars of imported steel products from South Korea and eight other countries, a much-anticipated decision that marks one of the largest anti-dumping cases in recent memory. Steel imports from the nine countries may be hit with tariffs up to 118%, but the lion's share in this case — from South Korea — was targeted for levies with much smaller duties of 10% to 16%. In the short term, the tariffs, if finalized, are expected to curb steel imports and lift U.S. prices of certain steel goods, which could be felt by American businesses and consumers. The tariffs also may help...

Loading