”Enough with cheap Chinese products” - Following South Korea, Vietnam also decides - South Korean report

Following South Korea's lead, Vietnam has also decided to impose anti-dumping duties of up to 27.83% in response to China's "low-price, hard sell" steel exports.
According to Reuters on the 21st (local time), the Vietnamese Ministry of Industry, Trade and Resources issued a statement saying that some hot-rolled coil steel produced in China will be
The government announced that it would impose anti-dumping duties on the products, with the tariff rates ranging from 19.38% to 27.83%, taking effect on the 7th of next month and remaining in effect for 120 days.
The targets are Baoshan Iron and Steel and Maanshan Iron and Steel, China's largest steel makers.
The steel industries of Asian countries such as South Korea and Vietnam are experiencing stagnation due to oversupply from China.
The previous day, the Trade Committee of the Ministry of Trade, Industry and Energy of South Korea also proposed to the Minister of Strategy and Finance the imposition of provisional anti-dumping tariffs of 27.91% to 38.02% on Chinese thick plates.
The Trade Commission conducted a preliminary investigation into Chinese products and determined that there were sufficient grounds to presume substantial injury to the domestic industry due to dumping.
The trend toward protectionism originating from the United States appears to be strengthening. On the 10th of last month, US President Donald Trump announced that he would ban all steel and aluminum imported into the United States.
It announced that it would impose a 25% tariff on all products "without exceptions or exemptions."