Reuters: Economic News: Government sets duties on steel wheels from China

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Government sets duties on steel wheels from China Mar 19th 2012, 18:18 Tweet Share this Email Print Related News U.S. solar to get Obama aid in battle with China 11:15am EDT Lawmakers urge Obama to act on China auto parts Fri, Mar 16 2012 Government to challenge China on rare earths curbs at WTO Tue, Mar 13 2012 Bill targeting Chinese subsidies goes to Obama Tue, Mar 6 2012 Senate OKs bill aimed at China subsidies Mon, Mar 5 2012 Analysis & Opinion Is 2012 the tipping point for China steel? A labourer checks a steel rim at a wheel factory in Tianmen, central China's Hubei province October 26, 2007. Credit: Reuters/Stringer WASHINGTON | Mon Mar 19, 2012 2:18pm EDT WASHINGTON (Reuters) - The United States on Monday set large punitive duties on imports of steel wheels from China that it said were unfairly priced and subsidized, in the latest sign of trade tension between the world's two biggest economies. The U.S. Commerce Department said Chinese producers were selling the steel wheels at prices 44.96 percent to 193.54 percent below fair value. It also said Chinese producers had received government subsidies ranging from 25.66 percent to 38.32 percent of the value of the wheels. The decision was a victory for Accuride Corporation and Hayes Lemmerz International Inc, which filed a pair of petitions last year asking for import relief. (Reporting By Doug Palmer; Editing by Jackie Frank) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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