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13:08, 09-Aug-2017
US sets preliminary tax on aluminum foil from China
["china","north america"]
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The US Commerce Department announced a preliminary decision on Tuesday to tax aluminum foil imported from China.
The Commerce Department said in a statement that it had set preliminary subsidy rates ranging from 16.56 percent to 80.97 percent for Chinese exporters and producers of aluminum foil.
Punitive duties would be imposed after both the Commerce Department and the US International Trade Commission (USITC) make affirmative final rulings. The Commerce Department is scheduled to make its final determination around Oct. 23, unless the statutory deadline is extended.
VCG Photo
VCG Photo
The department launched anti-dumping and anti-subsidy investigations into imports of aluminum foil from China in March, in response to a request from the US Aluminum Association Trade Enforcement Working Group.
The Chinese Ministry of Commerce has urged the US authorities to enact decisions of the WTO and appellate bodies and give Chinese exporters fair counter-argument rights.
Improper trade remedy measures will hurt the interests of Chinese aluminum foil exporters and dent the competitiveness of US downstream sectors, affecting employment and consumer interests and leading to a lose-lose situation, the Chinese Ministry of Commerce said.
Source(s): Xinhua News Agency