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New trade tariffs thwart steel dumping, help Iron Range

by Dee DePass, Star Tribune

This week, Minnesota’s Congressional Delegation proudly announced that The United States International Trade Commission (ITC) has launched new trade tariffs against seven nations that are designed to thwart the illegal dumping of underpriced steel products- a practice that badly hurt Minnesota’s Iron Range and U.S. steel producers.

While new tariffs in the last year have largely focused on China, Brazil and England, this week’s ITC ruling determined that the U.S. steel industry has been “materially injured” by imports of hot-rolled steel flat products from Australia, Brazil, Japan, Korea, the Netherlands, the United Kingdom, and Turkey.

As a result, the U.S. Department of Commerce is issuing countervailing duty orders or antidumping duty orders of these products from these countries.

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