Commerce Dept announces U.S. tariffs on tin mill steel from Canada, China, Germany

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Source: Reuters
Commerce Dept announces U.S. tariffs on tin mill steel from Canada, China, Germany
Photo: Reuters
TL;DR Summary

The U.S. Commerce Department has announced that it will impose preliminary anti-dumping duties on tin-plated steel imports from Canada, China, and Germany, in an effort to protect domestic steelmakers. The proposed duties are 122.5% on imports from China, 7.02% on imports from Germany, and 5.29% on imports from Canada. No duties will be imposed on steel imports from Britain, the Netherlands, South Korea, Taiwan, and Turkey. The move has raised concerns about higher prices for cans and the products they contain, as well as potential impacts on food prices and inflation.

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