WASHINGTON — The Commerce Department on Tuesday reaffirmed and raised tough penalties on Chinese exports of steel pipe used in oil drilling, upholding relief for U.S. manufacturers and continuing to push China on unfair trade.
The agency announced that it was affirming penalties stemming from its unfair trade investigation and a separate probe on subsidization of Chinese-made drill pipes.
Next, the International Trade Commission, an independent quasi-judicial federal agency, must make a final determination of injury to U.S. manufacturers of drill pipe by Feb. 17. If the ITC agrees with Commerce, Chinese-manufactured drill pipe would be subject to steep trade penalties and a nearly 20 percent tariff because of illegal subsidies..........
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