The story is more convoluted than I could fit in the headline, but the gist is:

  • US to impose duties of up to 456% on certain steel produced in South Korea or Taiwan
  • which is then shipped to Vietnam for minor processing
  • and finally exported to the United States

Via a U.S. Commerce Department statement on circumvention of anti-dumping and anti-subsidy duties.

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Trade war related news continues to intensify after the brief weekend reprieve.