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Global Geopolitical Series: U.S. Commerce department initiates AD/CVD investigation on imports of cast iron soil pipe from China

A few days ago, along with the publication of National Security reports of Aluminum and Steel products, the U.S. Commerce Department announced the initiation of an investigation into imports of cast iron soil pipe from China. The investigations were initiated based on a petition filed by Cast Iron Soil Pipe Institute (Mundelein, IL).

According to the preliminary estimate based on the petition, China is dumping the above-mentioned products at a price which is at least 93.3 percent lower than their fair value. It also suggests the existence of 32 subsidy programs including five preferential loan and interest rate programs, three debt-to-equity swaps, equity infusions, and loan forgiveness programs, six income tax, and other direct subsidy programs, three indirect tax programs, seven less-than-adequate remuneration, and eight grant programs.

According to Commerce Department’s calculations, the imports of Cast Iron soil pipe from China were valued at $11.6 million.

Under the leadership of Secretary Wilbur Ross, the U.S. Commerce Department has followed through President Trump’s promise to cut down malpractices that tend to rob the United States of manufacturing jobs. From January 20, 2017, through February 15, 2018, the Commerce Department has initiated 96 antidumping and countervailing duty investigations, an 81 percent increase from the previous year.

A statement on Commerce department quoted Secretary Wilbur Ross saying, “The Department will act swiftly, while assuring a full and fair assessment of the facts, to ensure that everyone trades on a level playing field……The Trump administration is committed to the enforcement of America’s vital trade laws that ensure U.S. businesses and workers have a fair chance to compete.”

 

 

 

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