International News
US slaps anti-dumping duty on polyester staple fiber from India, China
Commerce Secretary Wilbur Ross says domestic businesses are being destroyed by ‘unfair’ countervailing sops given to the 2 countries.
The Trump Administration has slapped anti-dumping duties on stainless steel flangs and finer denier polyester staple fiber from China and India.
Exporters from China and India received countervailing subsidies of 41.73 to 47.55 per cent and 9.50 to 25.28 percent, respectively, the US Commerce Secretary Wilbur Ross alleged on Wednesday.
As such, he has instructed US Customs and Border Protection to collect cash deposits from importers of fine denier polyester staple fiber from China and India based on these final rates.
‘We will no longer sit back’
“The US will no longer sit back and watch as its domestic businesses are destroyed by unfair foreign government subsidies. We will continue to take action on behalf of US industry to defend American businesses, workers, and communities adversely impacted by unfair imports,” Mr. Ross said.
In 2016, imports of fine denier polyester staple fiber from China and India were valued at an estimated $79.4 million and $14.8 million, respectively, the Department of Commerce said.
An investigation was carried out on a complaint by DAK Americas, Nan Ya Plastics Corporation, and Auriga Polymers.
An investigations of stainless steel flanges found that exporters in China and India received countervailing subsidies of 174.73 per cent, and from 5.00 to 239.61 per cent, respectively, Mr. Ross said.
“With a 58 per cent increase in trade cases initiated since President Trump took office, this administration has made it a clear priority to defend domestic businesses from unfair trade practices,” the Commerce Secretary said.
In 2016, imports of stainless steel flanges from China and India were valued at an estimated $16.3 million and $32.1 million, respectively.
