The World - News from June 4, 1986

The U.S. International Trade Commission voted to impose penalty duties of 3% to 40% on Canadian and Taiwanese steel products used in oil and gas wells. The action affects $90 million a year in imports from Canada alone, according to the commission. In a 4-2 ruling, the commission found that firms in Taiwan and Canada have injured U.S. companies by “dumping” the steel goods in this country at below cost. The action came as Canada prepared to slap import duties on U.S. computer parts and publications to retaliate against U.S. tariffs on cedar products.