- The Richest Members of the US Congress
- New Consensus Sees Stimulus Package as Worthy Step
- Black Friday Deals May Not Signal Retail Comeback
- Thanksgiving Week Stuffed With Economic News
- UPS Sets New Rates For 2010
- Wall Street Jobs Slow to Return Despite Record Profits
- Investors to Goldman: Be Less Greedy
- Victoria's Secret Hopes to Rekindle Desire for Lingerie
- 'New Moon' Takes Record $72.7M Box Office Bite
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- 100% Mortgage Financing From USDA
- Holiday Tipping: Who And How Much
- Deep Discounts Should Make It a Very Tech-y Holiday
MOST SHARED
- Analyze This?
- Realty Check: USDA Home Loans
- Dems Snare 60 Votes to Move Ahead on Health Care
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Health Care Bill Nears Test Vote
- Warren Buffett and Bill Gates: Keeping America Great
- 100% Mortgage Financing From USDA
- How Stock Investors Can Play Holiday Travel
- Sanofi-Aventis Falling Off a Patent Cliff?
Text Size 
The United States has set preliminary anti-dumping duties ranging from 36.53 percent to 99.14 percent on Chinese-made steel pipe used in wells to extract oil from the earth, a source familiar with the situation said on Thursday.
U.S. companies imported $2.63 billion of "certain oil country tubular goods" from China in 2008, or more than three times the $750 million they imported in 2007.
That makes it the largest U.S. trade action ever against China by volume of imports. It tops President Barack Obama's decision in September to slap a 35-percent tariff on about $1.85 billion of Chinese-made tires.
The prevailing duties announced on Thursday reflect the Commerce Department's determination of how far below "fair market value" Chinese companies are selling steel pipe and tubing product in the United States.
They are in addition to preliminary countervailing duties of 10.69 percent to 30.69 percent the Commerce Department announced in September to offset Chinese government subsidies to encourage production of the steel goods.
- Technology can make or break a fortune in the world of alternative energy.
- Many people are facing the holidays with substantially smaller incomes. Here’s how some are adapting.
- Jim Cramer is a proponent of stocks that pay healthy dividends, and here are his top five dividend plays.
- From salt, to lip balm to envelopes, it turns out that bacon flavoring can sell almost anything.
- The homebuyer's tax credit jacked sales for a while, but 2010 is looking weak. Now what?
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes