U.S. Will Collect Double Counter-Tariffs on Steel Produced in China
Luffing tower cranes are a type of Tower Crane commonly used in construction projects. Unlike traditional tower cranes, luffing tower cranes have a jib that can be raised or lowered to adjust the height and reach of the crane. This allows them to work in tight spaces or in areas with height restrictions.
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The U.S. Department of Commerce has determined that the price of steel for concrete structures exported from China to the United States is lower than the reasonable value, and it plans to impose an anti-dumping tax of 42.97% to 193.55% on the import, and another anti-subsidy tariff of 8.85% to 45.85%. In retaliation for China's subsidy policy on construction steel reinforcement.
The above tariffs have not yet come into effect. It is necessary to wait for the United States International Trade Commission to confirm that the importation will cause substantial harm to American producers. The committee is expected to vote on this on June 28.
Luffing tower cranes are especially useful in urban environments where space is limited. The ability to adjust the jib angle allows the crane to work around obstacles such as buildings or other structures. They are often seen on high-rise construction sites, where their versatility and compact design make them ideal for lifting and moving heavy loads.
The luffing mechanism of these cranes allows for precise control over the load, making them suitable for projects that require delicate or precise movements. They are also known for their quick and efficient operation, with the ability to lift heavy loads to great heights in a relatively short amount of time.
Overall, luffing tower cranes are a valuable asset in the construction industry, providing flexibility, efficiency, and safety in various construction projects.