China has decried a US decision to impose steep duties on Chinese-made cold-rolled flat steel. China’s Commerce Ministry says the US employed unfair methods during its anti-dumping investigation. The US Commerce Department says new duties will increase import prices on Chinese-made steel products by more than five-fold. China has filed a suit with the World Trade Organization to settle the dispute. The US has taken a number of measures to protect its struggling domestic steel industry in recent months, but China’s Commerce Ministry says resorting to protectionism will not solve the problem.
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