US hits Taiwan with antidumping duties
The US Department of Commerce has announced the affirmative final determination in the antidumping duty (AD) investigation of imports of forged steel fittings from Taiwan. Commerce determined that exporters from Taiwan have sold forged steel fittings in the United States at 116.17 percent less than fair value.
As a result of the decision, Commerce will instruct US Customs and Border Protection to continue to collect cash deposits from importers of forged steel fittings from Taiwan based on these final rates.
In 2017, imports of forged steel fittings from Taiwan were valued at an estimated $18.9 million.
The petitioners are Bonney Forge Corporation (Mount Union, Pennsylvania), and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial, and Service Workers International Union (Pittsburgh).
Antidumping duty laws provide American businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of dumping unfairly priced imports into the United States. Foreign companies that price their products in the US market below the cost of production or below prices in their home markets are subject to antidumping duties.
Since the beginning of the current administration, Commerce has initiated 120 new AD and CVD investigations – this is 216 percent more than the 38 initiations in the first 539 days of the previous administration. Commerce currently maintains 451 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.
The US International Trade Commission (ITC) is scheduled to issue its final determination on or around September 6, 2018. If the ITC makes an affirmative final injury determination, Commerce will issue an AD order on subject merchandise from Taiwan. If the ITC makes a negative final determination of injury, the investigation will be terminated and no order will be issued.