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Last week, the U.S. Commerce Department announced preliminary results of the Anti-dumping Duty (AD) and Countervailing Duty (CVD) investigations on imports of Polytetrafluoroethylene Resin from India. The investigations were initiated based on a petition filed by The Chemours Company FC LLC (Wilmington, DE).
The department has found that exporters of Polytetrafluoroethylene Resin from India received unfair subsidies of 3.9 percent. The Commerce Department has asked the United States’ Customs and Border Protection Agency (CBP) to collect cash deposits from importers based on these rates.
According to the department’s calculations, imports of Polytetrafluoroethylene Resin from India were valued at an estimated $14.3 million in 2016.
Since coming to power the Trump administration has initiated 102 antidumping and countervailing duty investigations, a whopping 96 percent increase from the previous period. The statement from the department quoted the Commerce Secretary Wilbur Ross as saying, “The Department will act swiftly while ensuring a full and fair assessment of the facts…..The Trump administration is committed to the enforcement of America’s trade laws that ensure U.S. businesses and workers have a fair chance to compete.”
