New U.S. Tariffs Announced on Aluminum Sheet Products
U.S. Commerce Secretary Wilbur Ross announced today that new tariffs will be applied to $1.96 billion worth of aluminum sheet products being imported into the country. Ross cited preliminary findings from the Commerce Department determining that 18 countries are dumping the goods into the U.S. market.
Dumping refers to the practice of exporting goods that are then sold at a price below what they would sell for in the manufacturer's home market, and often lower than the cost of manufacturing the product.
Source Fool.com
