Minister Shen Jong-chin denies Taiwan engages in such practices and vowed to investigate the matter
Taiwan News
Date:2019/07/04
By: Duncan DeAeth, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – On July 2, the U.S. Commerce Department announced that it would begin
The U.S. Commerce Department alleges that companies in South Korea and Taiwan have been using partners to process and treat steel in Vietnam, as a means of avoiding U.S. anti-dumping and anti-subsidy duties. However, Taiwan’s Minister of Economic Affairs, Shen Jong-chin (沈榮津), has questioned the veracity of the allegations.
Reuters reports that after duties were imposed on Taiwan and South Korean steel products in late 2015 and early 2016, that steel products shipped to the U.S. from Vietnam after the duties were levied, increased substantially.
The Commerce Department’s press release states that inspectors discovered corrosion resistant and cold-rolled steel products produced in Vietnam which contain an interior layer of steel produced in either South Korea or Taiwan. [FULL STORY]