U.S. imposes tariffs on aluminum sheet from 18 countries
WASHINGTON (Reuters) - The United States is imposing new tariffs on $ 1.96 billion worth of aluminum sheet products from 18 countries after discovering the goods have been dumped, U.S. Commerce Secretary Wilbur Ross said Friday.
The tariffs were immediately imposed on countries like Germany and Bahrain, although the ministry's finding that there was dumping was preliminary, he told Fox Business Network.
Brazil, Croatia, Egypt, Greece, India, Indonesia, Italy, Oman, Romania, Serbia, Slovenia, South Africa, South Korea, Spain, Taiwan and Turkey are also affected.
Ross said the U.S. International Trade Commission will make the final decision in February 2021.
He said China was not on the list and that US tariffs had already been imposed on Beijing's aluminum products, leading to Chinese overcapacity, crowding out production in other countries and leading to dumping in the US.
The tariff rate would be highest against Germany at 52% to 132%, followed by Bahrain with single-digit rates, said Ross.
He said an increase in US consumption of certain products during the pandemic, such as recreational vehicles and boats, has increased the importance of aluminum sheet pricing.
(Reporting by Susan Heavey; Editing by Toby Chopra and Edmund Blair)
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