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Global Geopolitical Series: U.S. Commerce department announces final CVD on fine denier polyester staple fiber from China and India

Earlier this week, U.S. Commerce Department announced affirmative final determination in the CVD investigations on imports of fine denier polyester staple fiber from China and India. The investigation, which was initiated based on petitions filed by DAK Americas LLC (NC), Nan Ya Plastics Corporation, America (SC), and Auriga Polymers Inc. (NC), has found that exporters from China and India of the above-mentioned material received countervailable subsidies of 41.73 to 47.55 percent and 9.50 to 25.28 percent, respectively. The Commerce Department has instructed the U.S. Customs and Border Protection Agency (CBP) to collect cash deposits from importers of these materials.

According to Commerce department’s calculations, in 2016, imports of fine denier polyester staple fiber from China and India were valued at an estimated $79.4 million and $14.8 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. From January 20, 2017, through January 17, 2018, the Commerce Department has initiated 84 antidumping and countervailing duty investigations, a 62 percent increase from the previous year.

A statement on Commerce department quoted Secretary Wilbur Ross saying, “The United States will no longer sit back and watch as its domestic businesses are destroyed by unfair foreign government subsidies…..We will continue to take action on behalf of U.S. industry to defend American businesses, workers, and communities adversely impacted by unfair imports.”

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