“I think China should face this issue … To stop the controversial practice of ' dumping ' steel by Chinese steelmakers that has led to seven government investigations , cost 12k jobs , and a loss of $ 1.5bn for US Steel Corporation , the US government has imposed a massive 522 % tarrif on Chinese cold - rolled flat steel , typically used in car manufacturing and construction . Instead of a 266 % anti - dumping duty and a 256 % anti - subsidy duty , the size has surprised some analysts who warn of a backlash and possible retaliatory taxes imposed upon US goods . However , US steel manufacturers argue that China 's subsidies have damaged the global steel market and have created ' zombie states ' which , without government bailouts , would be economically unviable .
To stop the controversial practice of ' dumping ' steel by Chinese steelmakers that has led to seven government investigations , cost 12k jobs , and a loss of $ 1.5bn for US Steel Corporation , the US government has imposed a massive 522 % tarrif on Chinese cold - rolled flat steel , typically used in car manufacturing and construction . Instead of a 266 % anti - dumping duty and a 256 % anti - subsidy duty , the size has surprised some analysts who warn of a backlash and possible retaliatory taxes imposed upon US goods . However , US steel manufacturers argue that China 's subsidies have damaged the global steel market and have created ' zombie states ' which , without government bailouts , would be economically unviable .