the U.S. Department of Commerce announced an affirmative final determination in the antidumping duty (AD) investigation of imports of carbon and alloy steel threaded rod from Taiwan, finding that exporters from this country have dumped carbon and alloy steel threaded rod in the United States at a margin of 32.26 percent.
As a result of today’s decision, Commerce will instruct U.S. Customs and Border Protection (CBP) to continue to collect cash deposits equal to the applicable final weighted-average dumping rate.
In 2018, imports of carbon and alloy steel threaded rod from Taiwan were valued at an estimated $156 million.
The petitioner is Vulcan Threaded Products, Inc. (Pelham, AL).
The strict enforcement of U.S. trade law is a primary focus of the Trump Administration. Since the beginning of the current Administration, Commerce has initiated 187 new antidumping and countervailing duty investigations – a 188 percent increase from the comparable period in the previous administration.
Antidumping and countervailing duty laws provide American businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of the unfair pricing of imports into the United States. Commerce currently maintains 500 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.
The U.S. International Trade Commission (ITC) is currently scheduled to make its final injury determination on or about January 17, 2019. If the ITC reaches an affirmative final injury determination, Commerce will issue an AD order. If the ITC reaches a negative final determination of injury, the investigation will be terminated and no order will be issued.
Click HERE for a fact sheet on today’s decision.
The U.S. Department of Commerce’s Enforcement and Compliance unit within the International Trade Administration is responsible for vigorously enforcing U.S. trade law and does so through an impartial, transparent process that abides by international rules and is based on factual evidence provided on the record.
Foreign companies that price their products in the U.S. market below the cost of production or below prices in their home markets are subject to antidumping duties. Companies that receive unfair subsidies from their governments, such as grants, loans, equity infusions, tax breaks, or production inputs, are subject to countervailing duties aimed at directly countering those subsidies.