Taiwan has to pay up

Wilbur Ross is trumping Taiwan. Sundance reports at The Conservative Treehouse,

...The Commerce Department determined that exporters from Taiwan have sold steel concrete reinforcing bar in the United States at 3.50 percent to 32.01 percent at less than fair value based on factual evidence provided by the interested parties.

The Commerce Department will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits from importers of steel concrete reinforcing bar from Taiwan based on these final rates.

“The United States can no longer sit back and watch as its essential industries like steel are destroyed by foreign companies unfairly selling their products in the U.S. markets,” said Secretary Ross. “We will continue to take action on behalf of U.S. industry to defend American businesses, their workers, and our communities adversely impacted by unfair imports.”

...Antidumping laws provide U.S. businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of dumping unfairly priced products into the United States. Commerce currently maintains 404 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.

Read more here.