Trade War Update: US to Impose Anti-Dumping Duties on Chinese Mattresses and Steel Kegs
Arslan Butt•Thursday, May 30, 2019•1 min read
On Wednesday, the US Commerce Department announced its plans to start imposing preliminary anti-dumping duties on China. These duties will prevent China from exporting mattresses and stainless steel beer kegs to the US markets at less than fair value.
Stainless steel kegs made by China will be charged duties of up to 79.7% while mattresses will be charged up to 1,731% of preliminary duties. In addition, stainless steel kegs manufactured by Germany and Mexico will also be hit with preliminary duties.
The duties will provide relief to American manufacturers of these products whose prices will now become relatively more competitive in comparison with the Chinese-made ones.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles
Comments
0
0
votes
Article Rating
Subscribe
Login
Please login to comment
0 Comments
Oldest
Newest
Most Voted
Inline Feedbacks
View all comments
Sidebar rates
Add 3442
Related Posts
XM
Best Forex Brokers
