Existing American tariffs already restrict steel and aluminum shipments from China, which is now flooding other markets with its exports instead.

Vietnam will impose a temporary anti-dumping levy of up to 27.83% on some steel products from China, according to a trade ministry document seen by Reuters.

President Donald Trump on Monday imposed a 25% tariff on all steel and aluminum imports into the United States with no exceptions or exemptions.

The president said he planned sweeping tariffs on all steel and aluminum imports on Monday and would take other action to even out tariff rates with the rest of the world later this week.

Vietnam will impose a temporary anti-dumping levy of up to 27.83% on some hot-rolled coil steel products originating from China, the trade ministry said on Friday. The tariff is expected to take effect from March 7 and will be in place for 120 days,

The nation’s trade commission had decided to ask the country’s finance minister to impose as much as about 38% provisional anti-dumping duties on Chinese hot-rolled thick steel plates from next month.

South Korea is seeking to implement tariffs on some Chinese steel and producers on concerns over an influx of cheaper products flooding the market, following a similar measure from the Trump administration.

South Korea's industry ministry said on Thursday it has provisionally decided to impose up to 38% tariffs on Chinese steel plate imports after an investigation into alleged dumping of the steel product used in shipbuilding and construction.

South Korea's trade watchdog on Thursday made a preliminary decision to impose antidumping tariffs on Chinese thick steel plates after its initial investigation identified potential damage to the domestic industry.