Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News The United States finally levies anti-dumping duties on ribbons produced in China and Taiwan

The United States finally levies anti-dumping duties on ribbons produced in China and Taiwan



The U.S. International Trade Commission made a final ruling on August 12, deciding that narrow-width woven ribbons produced in mainland China and Taiwan were dumped in the United States at a price below the mar…

The U.S. International Trade Commission made a final ruling on August 12, deciding that narrow-width woven ribbons produced in mainland China and Taiwan were dumped in the United States at a price below the market price, causing substantial damage to related industries in the United States. The original ruling of the U.S. Department of Commerce formally imposed anti-dumping duties of up to approximately 234% on relevant industries in mainland China and Taiwan.

Based on the U.S. International Trade Commission’s final determination of affirmative damage, the U.S. Department of Commerce will formally issue an anti-dumping measure order against relevant companies on both sides of the Taiwan Strait. According to the ruling issued by the U.S. Department of Commerce on July 13, except for one mainland Chinese manufacturer whose tax rate is zero, the other mainland manufacturers will be charged a tax rate between 115.70-234.40%; while Taiwan-related manufacturers will be charged a tax rate of It is much lower, and the highest anti-dumping tax rate imposed is only 4.54%.

Although the vote on that day resulted in an affirmative final verdict of harm, the members had different views. 3 out of 6 members supported the establishment of the dumping case, while 2 members, including the chairman of the committee, voted against, and also voted against. One member of the committee determined that mainland manufacturers were dumping, but did not support the imposition of anti-dumping duties on Taiwanese manufacturers.

Data show that in 2009, the United States imported ribbons from mainland China and Taiwan with a total value of 13 million US dollars and 33.9 million US dollars respectively.

According to relevant procedures in the United States, the Ministry of Commerce’s ruling mainly involves whether dumping has occurred and what the dumping proportion is; the U.S. International Trade Commission’s ruling mainly involves whether damage is caused to the U.S. industry. If both parties ultimately rule that dumping of foreign goods is established, the Ministry of Commerce can order the customs to impose sanctions on related products.

Affected by the financial crisis, the U.S. economy continues to slump, leading to the rise of domestic trade protectionism. Coupled with the influence of political factors such as the approaching congressional midterm elections, the United States has recently frequently implemented trade remedy measures against Chinese products. China has made solemn representations on many occasions regarding the trade protectionist behavior of the United States, and requires the United States to abide by the consensus reached by both parties, oppose trade protectionism, and jointly respond to the financial crisis.

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Author: clsrich

 
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