U.S. dumping duties set for tool chest imports

09/04/2018 12:00 - 1255 Views

The Commerce Department has finalized increased duties for imports of Chinese and Vietnamese tool chests and cabinets, and the International Trade Commission is scheduled to issue its final determinations for these antidumping investigations by May 18.

The Commerce Department has finalized increased duties for imports of Chinese and Vietnamese tool chests and cabinets, which it has determined are dumped on the U.S. market at less than fair value.

In its China investigation, Commerce calculated a dumping rate of 97.11 for Tongrun, while all other Chinese producers and exporters of tool chests and cabinets received a dumping rate of 244.29 percent.

Commerce calculated a dumping rate of 327.17 for Vietnam’s Clearwater Metal, as well as all other producers and exporters of these products in the country.

The department will now instruct Customs and Border Protection to continue to collect cash deposits from importers of tool chests and cabinets from the two countries based on these final rates.

According to Commerce, imports of tool chests and cabinets from China and Vietnam in 2016 were valued at $230 million and $77 million, respectively.

The petitioner for the Commerce antidumping investigation is Waterloo Industries, which manufactures tool chests at its production facility in Sedalia, Mo.

Meanwhile, the U.S. International Trade Commission (ITC) is scheduled to issue its final determinations for these antidumping investigations by May 18.  If the ITC makes affirmative final domestic injury determinations, Commerce will issue antidumping orders on those imports from China and Vietnam. If the ITC makes negative final determinations of injury, the investigations will end and no antidumping orders will be issued.
Source: ​www.americanshipper.com
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