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