Reported 2 days ago
The US Commerce Department has raised tariffs on Nippon Steel Corp. to 29% for selling hot-rolled steel below normal value during a review period, coinciding with the company's pledge to US Steel workers that it won't ship steel slabs from overseas in its proposed $14.1 billion acquisition of US Steel. The move is part of an ongoing dumping case dating back to 2016, and the tariff increase reflects a significant rise from the previous level of 1.39%. This development occurs as both companies await a decision from the Committee on Foreign Investment in the US regarding the acquisition.
Source: YAHOO