US Partially Rescinds Anti-Subsidy Duties on South Korean Steel
What happened
The U.S. Commerce Department issued preliminary results of its 2024 countervailing duty administrative review, partially rescinding anti-subsidy tariffs on certain South Korean corrosion-resistant steel products. This affects the tariff treatment of South Korean steel imports into the United States. Countervailing duties are imposed to counter foreign government subsidies on imports; a partial rescission means some Korean steel exporters will no longer face these additional tariffs. The decision is preliminary and subject to change before finalization.
Written by AI from the reports · updated 1 h ago
Report timeline
Follow the reports to see each side of the event.
- Federal Register (documents mentioning China)US Commerce Department Issues Preliminary Results of Countervailing Duty Review on South Korean Corrosion-Resistant Steel
The U.S. Commerce Department has issued preliminary results of the countervailing duty administrative review for certain corrosion-resistant steel products from South Korea for 2024. The review includes a partial recission of countervailing duties. This decision affects the tariff treatment of South Korean steel imports into the United States. 美国商务部发布韩国防腐钢铁产品反补贴税行政审查初步结果 美国商务部发布了2024年对韩国某些防腐钢铁产品反补贴税行政审查的初步结果。审查包括部分取消反补贴税。该决定影响韩国钢铁产品进口美国的关税待遇。
Heat of this event
Not enough continuous observations yet to draw a trend.