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US Department of Commerce final ruling on China’s iron products "double reverse" tariffs

   the Central Plains Washington, 24 October, the US Department of Commerce issued a final statement on the 24th local time, finds that China's exports to the US iron mechanical transmission components constitute dumping And subsidies, the US side will impose a "double reverse" tariffs.       In response to a complaint filed by TB Wood's in Pennsylvania, the US Department of Commerce decided in November last year to conduct a "double reverse" investigation of iron-mechanical transmission components imported from China and to investigate anti-dumping investigations against Canadian products, including pulleys and Flywheel and so on.      The Ministry of Commerce in the final statement that China's exports to the US product dumping margin of 13.64% to 401.68%, the subsidy rate of 33.26% to 163.46%. It also ruled that the dumping margin for similar products in Canada was 100.47% to 191.34%.       Based on the results of the final ruling, the US Department of Commerce will inform the Customs and Excise Department of China and Canada product manufacturers and exporters to collect the corresponding cash deposit. In 2014, US imports from China and Canada totaled $ 274 million and $ 222 million, respectively.       According to the US trade remedy procedures, the formal introduction of tariffs still need to obtain another agency US International Trade Commission approval. Trade Commission will be made in December final ruling, if the agency finds that China and Canada related products to the US domestic industry constitutes a substantial damage or threat, the US will be formally introduced anti-dumping duties and countervailing duties. If the Commission made a negative final ruling, the investigation will be stopped, the tariff will not be levied.        This year, in order to protect their steel industry, the United States frequently take trade remedies, the survey involved in China to the United States to the United States stainless steel, cold-rolled plates, corrosion-resistant plate and carbon steel length steel and other steel products. China's Ministry of Commerce Trade Relief Bureau recently said that the solution to the current global steel industry is facing the plight of the best way is the national response, rather than frequent trade protection measures. (Finish)


Post time: Oct-22-2020