US to investigate Vietnam ‘shrimp king’ for anti-dumping tax evasion

The decision marked a victory for U.S. steelmakers, who won anti-dumping and anti-subsidy duties against Chinese steel.

The year-long investigation ended in Vietnam’s favor after finding no evidence of foul play.

The two sides have been going back and forth since the U.S. issued the new tariff on March 15.

Although the product was processed in Vietnam, as much as 90 percent of the product's value originated from China.

An Australian firm has accused Vietnamese manufacturers of manipulating market prices.

Trade investigators lifted tariffs against one steel pipe manufacturer in southern Vietnam and reinforced tariffs against another.

Safeguard measures can now be applied for a maximum of 10 years to protect local industries from injury.

An exodus of Chinese firms fleeing U.S. anti-dumping action instills fear in local furniture makers.

Vietnamese goods are the subject of approximately 100 trade remedy cases in foreign countries, but local authorities have only enforced measures to tackle four cases of safeguarding and two cases of anti-dumping.

The United States has employed "unfair methods" during an anti-dumping investigation into Chinese cold-rolled steel products and should rectify its mistakes as soon as possible, China's commerce ministry said on Wednesday.