Feeling the heat: Asian steel firms fear US anti-dumping blitz

Article Abstract:

The US Commerce Department is being pressured by US steel manufacturers to impose anti-subsidy and anti-dumping statutes against Asian steel makers. US steel imports in 1991 amounted to US$7.8 billion, and US steel makers accused their foreign counterparts of unfair trade practices. Though the Commerce Department imposed provisional import duties between less than 1% to over 90% in Nov 1992, the Trade Commission will verify US steel makers' complaints by mid-1993. Meanwhile, since agreements on US steel imports expired in Mar 1992, Asian steel makers are exploring markets in China and the rest of Asia.

Steel industry, Import quotas

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Currency risk: Japan's firms raise US prices to avoid dumping charges

Article Abstract:

Japanese firms are raising the price of exports to the US to avoid being sued for dumping by their American competitors. For instance, Toyota has boosted the price of its cars by 2.5-12.7% to head off a possible anti-dumping lawsuit by the Big Three US automakers. Moreover, the rising yen is making it doubly difficult for Japanese exporters to maintain market share in the US. The Commerce Dept sides with US companies in 95% of these anti-dumping petitions while the International Trade Commission does so in only 50% of cases.

Japan, Cases, Prices and rates, International trade, Exports, Corporations, Dumping (International trade), United States. International Trade Commission, Corporations, Japanese

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Bad dream candidate

Article Abstract:

Asian countries are becoming increasingly wary of US presidential candidate Ross Perot due to his views on trade and the country's economy. Japanese officials in particular are worried that Perot's tough stance vis-a-vis Japan would force other candidates to follow suit should his views prove to be popular. Despite being criticized for his protectionist and confrontational policies, most Americans still feel that Perot remains the best suited to solve the country's economic ills.

Economic policy, Presidential candidates, Perot, H. Ross

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