Vietnam Imposes Anti-Dumping Tariffs on Chinese Steel Amid US Pressure Against Transshipping

Vietnam has imposed anti-dumping duties on certain hot-rolled coil steel products from China, dealing a blow to Beijing’s ongoing efforts to use neighboring countries as transshipment points to disguise the origin of its exports and circumvent punitive tariffs. The new tariff, ranging from 23.1 percent to 27.83 percent, took effect on July 6 and will remain in place for five years, Vietnam’s Ministry of Industry and Trade announced on July 7. Vietnamese officials said they had launched an anti-dumping investigation into hot-rolled steel imports from both China and India. The investigation concluded that China-made steel was being dumped on the Vietnamese market and causing “significant damage” to the domestic steel industry....