CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How much percent duties would be levied on Chinese hot-rolled flat steel by EU?
A
28.7
B
35.9
C
13.2
D
45.5
Explanation: 

Detailed explanation-1: -The duties range between 24.4% and 25.3% for China and between 0% and 6.8% for Taiwan. *Edited on 16/03/2022 at 12:57.

Detailed explanation-2: -As of March 2022, all fabricated structural steel imported from China is still subject to a 25% tariff upon import to the U.S.

Detailed explanation-3: -Tuesday’s 3-0 decision by the U.S. Federal Circuit Court of Appeals in Washington, D.C. covers imports of steel derivatives, such as nails and fasteners, that were subjected to 25% tariffs in a January 2020 proclamation by then-President Donald Trump.

Detailed explanation-4: -The recommended anti-dumping duty ranges from $114 per tonne to $3, 801 per tonne of stainless pipe and tubes of different grades. NEW DELHI : The Centre has imposed anti-dumping duty on stainless steel seamless tubes and pipes imported from China for five years to remove “injury” to the domestic industry.

Detailed explanation-5: -The agency found the Chinese companies guilty of dumping steel products, and that it caused material damage to the American businesses. The ITC imposed a 500% import duty on select steel imports from China to protect the domestic steel industry.

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