US Slaps Preliminary Antidumping Duties on PTFE Resin
US Secretary of Commerce Wilbur Ross has announced the affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of polytetrafluoroethylene (PTFE) resin from China and India.
Commerce preliminarily determined that exporters from China and India have sold PTFE resin in the United States at 69.34 to 208.16 percent and 18.49 percent less than fair value, respectively.
“The dumping of goods below market value in the United States is something the Trump administration takes very seriously,” said Ross. “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.”
As a result of the decision, Commerce will instruct US Customs and Border Protection (CBP) to collect cash deposits from importers of imports of PTFE resin from China and India based on these preliminary rates.
In 2016, imports of PTFE resin from China and India were valued at an estimated $24.6 million and $14.3 million, respectively. The petitioner is The Chemours Company FC LLC of Wilmington, Delaware.
The AD law provides US businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of unfair pricing of imports into the United States. Commerce currently maintains 430 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.
Commerce is scheduled to announce the final determinations in these investigations on September 18, 2018. If Commerce makes affirmative final determinations of dumping and the US International Trade Commission (ITC) makes affirmative final injury determinations, Commerce will issue AD orders. If Commerce makes negative final determinations of dumping or the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued.