India Imposes Anti-Dumping Tax on Some Steel Products

The Wall Street Journal reports that India has imposed another tax on imported goods; steel imported from countries such as China.

The punitive taxes are being levied until Oct. 21 on imports from
China, Japan, Korea, the European Union, South Africa, Taiwan, Thailand
and the U.S., the trade ministry said in a statement.

“This is a clear message to the producers and to the countries” that
have been sharply underselling Indian producers, said N.C. Mathur,
president of the Indian Stainless Steel Development Association.
Stainless steel imports have increased by around 20% to 30% annually
since 2006, Mr. Mathur said.

Earlier this year, economic relations with China were strained when the Indian government declared a ban on China-made toys.

See also past CDT posts on anti-dumping.

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