The U.S. Commerce Department announced Tuesday it will open a new anti-dumping p...
FILE PHOTO: Iron workers install steel beams during a hot summer day in New York, July 17, 2013. REUTERS/Lucas Jackson/File Photo
The investigation comes as some U.S. lawmakers, car companies and Canada and Mexico have strongly urged the Trump administration to drop U.S. national security tariffs on steel and aluminum imports in the wake of a deal announced last year to revise the North American Free Trade Agreement. The Commerce Department said Tuesday the new anti-dumping and countervailing duty probe is based on a petition filed earlier this month by a U.S. steel trade group. The department is investigating whether to seek duties of about 30 percent for Canada and Mexico and 222 percent for China in response to below-market price imports.
In 2017, imports of fabricated structural steel from Canada, China, and Mexico were valued at an estimated $658.3 million, $841.7 million, and $406.6 million, respectively. A preliminary determination on the issue is due from the International Trade Commission by March 21.
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