China To Abolish Export Tariffs On Steel Products Was A Joint Protest Against Th
China has just let go of the Steel Exports, the U.S. steel industry was a “joint protest.” Five American Iron and Steel Institute recently issued a joint statement saying that China should stop the export tax rebates, subsidies to promote domestic policy of cheap steel exports, asked the U.S. government on China’s steel trade policy to take active countermeasures.
Chinese experts pointed out that China’s steel industry based on domestic needs and export a small percentage, and the export tax rebate in line with international practice, not subsidies.
According to report, last week, United Steelworkers, the United States Iron and Steel Institute, Steel Manufacturers Association, the North American Steel Association and steel imports Committee drafted a joint statement calling on the U.S. government on China’s steel trade policy to take positive response.
Statement demanded that China should stop subsidizing excessive, redundant, inefficient and highly polluting steel production capacity. The U.S. government should vigorously implement their own laws to combat unfair trade practices against China of violating WTO principles of “illegal acts” to avoid U.S. anti-dumping law and its implementation efforts.
Fact, the U.S. steel industry subsidies to China’s “complaint” is not the first time in recent years has been trying to Sino-US strategic dialogue to resolve the dispute through, but the differences between the two sides have failed to resolve. American Iron and Steel Association, a U.S. industry, and even issued a report accusing the past 10 years, the Chinese steel industry has been more than 52 billion U.S. dollars of government subsidies. In response, the Chinese side that the report and accused the acute shortage of factual basis.
China’s WTO Research Association, Research Center of Tsinghua University, Senior Fellow, China-US relations, Zhou told reporters that the United States held by the Chinese steel industry has been evidence of subsidies, mainly in China’s export tax rebates on exports, the RMB exchange rate issue and local governments to encourage subsidies. “China export tax rebate on exports, is in line with international trade theory, and must not be regarded as subsidies. Also, the entire 20th century total only 19 million tons of steel produced, while the United States consumed 7.1 billion tons of steel, it can be see, U.S. steel imports entirely due to domestic demand, not China threat. ”
Order to alleviate the pressure on the domestic market, the Chinese government last week lifted most of the steel products export tariffs, which is initiated by the United States on Chinese steel exports to “denounce” the fuse. China to abolish export tariffs on steel in a few days later, the U.S. Department of Commerce, once said, have been identified welded steel pipe from China, received government subsidies and to export products to the United States for less than fair value, therefore for Welding from China Steel Collection from 35.6 to 40 percent of the countervailing duty. Although the abolition of export duties
help China’s steel exports in theory, but very sluggish foreign demand, domestic and foreign price gap is still estimated that exports will not increase too much. However, the global economic situation is generally not favored circumstances, it should be noted that if the Chinese steel exports further increased significantly, foreign anti-dumping against Chinese steel countervailing investigation will also increase at the same time so as not to increase too much the same country steel exports.
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