Vietnam has imposed a provisional anti-dumping duty of 37.13% on alloy steel coated plates from China since April 16, which will be effective for 120 days.
Previously, Vietnam has also imposed large tariffs on Chinese wind power equipment, aluminum and other products.
The 37.13% tariff will apply to all Chinese steel producers, including industry leader Baoshan Iron and Steel.
South Korea's Hyundai Steel will face a tariff of 13.7%, the statement said. Other South Korean steel producers, except Posco, KG Dongbu Steel and Dongguk Coated Metal, will be subject to a tariff of 15.67%.
Earlier, the Vietnam Iron and Steel Association pushed for the tariffs in late February, saying that galvanized steel imports from China and South Korea put pressure on the domestic steel industry.
Vietnam imposed provisional anti-dumping duties of 19.38% to 27.83% on certain hot-rolled steel from China in February. The tariffs took effect on March 7.
Quito, April 13 (Xinhua) -- Diana Atamante, president of the National Electoral Commission of Ecuador, announced on the evening of the 13th that, based on the statistics of more than 90% of the votes, Daniel Noboa, the presidential candidate of the National Democratic Action Movement and the current president, was elected as the new president of Ecuador.
As of press time, more than 93% of the votes in the general election have been counted, with Noboa receiving 55.84% of the votes and Luisa Gonzalez, the presidential candidate of the Citizen Revolutionary Party-Comprehensive Renewal Movement Alliance, receiving 44.16% of the votes.
Atamante said that since the current trend of the counting results is "irreversible", the Electoral Commission has determined that the presidential and vice-presidential campaign combination consisting of Noboa and Maria José Pinto has won the election.
After learning the election results, Noboa said at his home in Olón, Santa Elena Province, that Ecuador has chosen a path that will give future generations a fairer life and more development opportunities.
The U.S. Customs launched a new origin verification system on April 15 to crack down on re-export trade and tariff evasion. The system has comprehensively upgraded the origin identification standards and review procedures for imported goods.
The regulatory target is mainly to target the behavior of re-exporting goods through third countries such as Vietnam, Malaysia, and Mexico to evade tariffs.
The new origin verification system requires importers to provide three-level supply chain traceability information:
Product production process flow chart: Detailed display of the production steps and processes of the product so that customs can understand the production process and each link of the product.
Raw material purchase invoice: used to prove the purchase source and cost of raw materials and trace the raw material supply chain of the product.
Energy use and factory operation details: including the factory's energy consumption and related records of daily operation, which can assist in judging the authenticity and rationality of production.
For key countries (Vietnam, Malaysia, Thailand, Indonesia, Mexico, etc.), the U.S. Customs will also implement strict measures:
Every ticket must be checked mechanism: A detailed origin verification is carried out on every ticket from key countries to ensure that the origin information of the goods is true and accurate.
300% fine of tax evasion amount: If importers are found to have evaded tariffs, a high fine of 300% of the tax evasion amount will be imposed to increase the cost of violations.
10-year profit recovery and account freezing: Not only will the relevant profits of the past 10 years be recovered, but the accounts involved will also be frozen to increase the crackdown on violations.
