Extra Fees Hit Vietnamese Steel Over Government Subsidies
Published Date: 8/29/2025
Notice
Summary
The U.S. says some Vietnamese steel makers got unfair government help, so now extra taxes will apply to their corrosion-resistant steel products. This means importers and buyers in the U.S. will pay more starting soon to keep things fair. These changes cover steel shipped during all of 2023 and could affect prices and trade.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Extra U.S. Taxes on Vietnamese Steel
The Department of Commerce found countervailable subsidies for certain corrosion-resistant steel products from Vietnam for the period January 1, 2023 through December 31, 2023, and extra taxes (countervailing duties) will apply to those imports. If you import or buy these steel products in the U.S., you may pay more because of those duties.
Vietnamese Producers Found Subsidized
Commerce determined that producers and exporters of certain corrosion-resistant steel products from the Socialist Republic of Vietnam received countervailable subsidies during January 1, 2023 through December 31, 2023. Vietnamese producers and exporters of those products are identified as receiving subsidies for that period.
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