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Yesterday, the U.S. Commerce Department announced affirmative preliminary determination in the AD investigations on imports of Polytetrafluoroethylene (PTFE) Resin from China and India. The investigation, which was initiated based on petitions filed by Chemours Company FC LLC (Wilmington, DE), has found that exporters from China and India are dumping the above-mentioned product in the United States below the fair value.
Below are the preliminary dumping rates,
China - 69.34 percent to 208.16 percent;
India - 18.49 percent;
The Commerce Department has asked the U.S. Customs and Border Protection Agency (CBP) to collect cash deposits from importers based on these rates.
According to Commerce department’s calculations, in 2016, imports of PTFE resin from China and India were valued at an estimated $24.6 million and $14.3 million, respectively.
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. The numbers of AD and CVD investigations have jumped by 75 percent from the 466 days of the last administration.
A statement on Commerce department quoted Secretary Wilbur Ross saying, “The dumping of goods below market value in the United States is something the Trump Administration takes very seriously……The Department of Commerce will continue to stand up for American workers and businesses in order to ensure that everyone trades on a level playing field.”
