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Today’s Top Headlines




US Launches Probe Into Chinese, Vietnamese Tool Storage Units

by Mike Godfrey, Tax-News.com, Washington

11 May 2017

The United States has launched an investigation into Chinese and Vietnamese exports of certain tool chests and cabinets, which could lead to the imposition of trade dispute duties.

The investigation concerns "dumping," where goods are sold by foreign exporters into a market at below their domestic market prices. It also concerns unfair subsidization in the case of China, which could result in the imposition of countervailing duties in addition to anti-dumping duties.

The alleged dumping margins are 159.99 percent for China and 21.85 percent for Vietnam. Commerce is also investigating a subsidy rate on Chinese exports that is above the de minimis level.

US imports in 2016 were worth approximately USD990m from China and USD77m from Vietnam.

The US International Trade Commission (USITC) will make preliminary injury decisions by May 26, 2017, and Commerce is scheduled to announce its preliminary AD and CVD determinations by July 5, 2017.

TAGS: anti-dumping | China | United States | import duty | retail | trade | Vietnam

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