Imports harm US producers
17 March, 2018, 12:00 am
WASHINGTON – The US International Trade Commission said on Thursday it had made a final finding that imports of aluminum foil from China hurt US producers, a move that locks in place hefty duties of up to 188 per cent on Chinese exporters.
The “final phase” finding came in an anti-dumping and anti-subsidy case brought by the Aluminum Association Trade Enforcement Working Group.
The final finding means the US Commerce Department can put in place for five years antidumping and countervailing duties it announced on February 27 on a number of Chinese firms.
The department announced that dumping margins would range from 48.64 per cent to 106.9 per cent and anti-subsidy rates from 17.14 per cent to 80.97 per cent.
The action is separate from US President Donald Trump’s imposition of a global aluminum tariff of 10 per cent and a global steel tariff of 25 per cent.