Trade War Update: US to Impose Anti-Dumping Duties on Chinese Mattresses and Steel Kegs - Forex News by FX Leaders
US-China trade war

Trade War Update: US to Impose Anti-Dumping Duties on Chinese Mattresses and Steel Kegs

Posted Thursday, May 30, 2019 by
Arslan Butt • 1 min read

On Wednesday, the US Commerce Department announced its plans to start imposing preliminary anti-dumping duties on China. These duties will prevent China from exporting mattresses and stainless steel beer kegs to the US markets at less than fair value.

Stainless steel kegs made by China will be charged duties of up to 79.7% while mattresses will be charged up to 1,731% of preliminary duties. In addition, stainless steel kegs manufactured by Germany and Mexico will also be hit with preliminary duties.

The duties will provide relief to American manufacturers of these products whose prices will now become relatively more competitive in comparison with the Chinese-made ones.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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