The US has decided to impose anti-dumping duties on South Korean oil pipelines of up to 15 percent.
According to the Korea International Trade Association on Sunday, the US Department of Commerce recently made a final ruling at an annual review of anti-dumping duties on Korea oil pipelines to levy tariffs between 9.33 percent and 15.07 percent.
Compared to last year’s figure, which stood at 22.7 percent to 38.87 percent, the tariffs have been slashed by more than half. The US Department of Commerce adjusts anti-dumping tariffs annually.
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