Under the Trump administration, the U.S. commerce department, under the guidance of Secretary Wilbur Ross continues to take a tough stance on countries that have used unfair means to promote exports and with a special aim at China.
Last night, U.S. commerce department announced imposing preliminary countervailing duties (CVD) on imports of cold-drawn mechanical tubing from China and India. According to the commerce department’s calculations, China and India received countervailable subsidies of 33.31 to 35.69 percent, and 3.04 percent and 8.09 percent, respectively. The commerce department has asked U.S. customs and border protection agency to collect cash deposits from importers based on these rates. Final CVD for these products will be announced on 4th of December 2017. In 2016, China’s imports of mechanical tubing amounted to $29.4 million and $25 million for India.
Commerce Secretary, Mr. Ross said, “The Trump Administration will not sit back and watch as American companies and workers are harmed by unfair government subsidies…..The United States is committed to free, fair and reciprocal trade, and will continue to validate the information provided to us that brought us to this decision.”
Under Trump administration, Antidumping (AD) and CVD investigations have increased by 48 percent compared to the same period in 2016.
U.S. has already launched several AD and CVD investigations against imports from China amounting billions of dollars.
