The Trade Wars Begin: U.S. Imposes 256% Tarriff On Chinese Steel Imports
by Tyler Durden
ZeroHedge.com
12/23/2015
There is one thing that could dramatically slow down China’s metal exports – tariffs, anti-dumping duties and other forms of protectionism. “What may slow down the exports is anti-dumping and protectionist measures that several countries have taken against cheap imports,” said Ernst & Young’s Agrawal. In other words, a trade war… which is precisely what the U.S. just launched by hiking tariffs on Chinese steel imports by a whopping 256%.
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