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US To Pursue Dumping Duties Against Korea, Taiwan

by Mike Godfrey, Tax-News.com, Washington

14 August 2017


The United States expects to announce anti-dumping duties on certain products from South Korea and Taiwan in December.

On August 10 and 11, the United States International Trade Commission (USITC) voted to continue its investigations into imported low melt polyester staple fiber from Korea and Taiwan and tapered roller bearings from Korea, having determined there is a reasonable indication that US industries are being materially injured by foreign "dumping."

Dumping occurs when good are sold into a foreign market at below the prevailing market rate in the exporter's domestic market. Countries can respond by levying taxes on imports to prevent unfair competition for their domestic producers, known as anti-dumping duties.

The USITC said preliminary anti-dumping duty determinations are due by the first week of December.

TAGS: tax | tariffs | anti-dumping | Taiwan | Korea, South | United States

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