The US has hit China with another trade penalty.
A month after imposing sanctions on Chinese makers of solar panels, the US Department of Commerce placed duties of as much as 110 per cent on carbon and alloy steel wire rods imported from China, according to a preliminary decision on Tuesday.
Chinese producers of the wire rods, which can be used to make nails and chain link fences, will be forced to pay a cash deposit when the wire arrives in the US.
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