The US Department of Commerce issued an anti-dumping duty and countervailing duty on imports of aluminium wire and cable from China stating material injury to the US industry caused by subsidized imports.

 

Anti-dumping duties were imposed on imports of aluminium wire and cable from China following a less-than-fair-value (LTFV) investigation by the US Commerce that determined that the US industry was materially injured by countervailable subsidies provided to China-based producers and exporters. The duties are equivalent to the amount by which the normal value of imported aluminium wire and cable exceeds the US export price. Duties will be assessed on unliquidated entries of relevant imported goods from China entered or withdrawn from warehouse for consumption on or after June 5, 2019.

 

In addition to the duties, US Customs and Border Protection (CBP) will also require cash deposits equal to exporter/producer-specific estimated weighted-average dumping margins listed for various Chinese producers. Cash deposit rate, adjusted for subsidy offsets, for exporters and producers Changfeng Wire & Cable and Wuxi Jiangnan Cable was determined to be 47.83pc on an estimated weighted-average dumping margin of 58.51pc. For China-wide entities, the cash deposit rate was determined to be 52.79 pc on an estimated weighted-average dumping margin of 63.47pc.

 

CBP will also require cash deposits for each entry of subject merchandise equal to subsidy rates listed for specific producers. Shanghai Silin Special Equipment and Shanghai Yang Pu Qu Gong will be subject to 165.63pc cash deposit rate, while Changfeng Wire & Cable and all other producers and exporters will be subject to a cash deposit rate of 33.44 pc. 

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