U.S. slaps punitive penalties on Chinese potassium phosphate salts

08:07, May 26, 2010      

Email | Print | Subscribe | Comments | Forum 

The U.S. Commerce Department on Tuesday set final antidumping duties (AD) and countervailing duties (CVD) on imports of some 12.7 million dollars worth of potassium phosphate salts from China, a move that might escalate trade disputes between the two countries.

"Commerce determined that Chinese producers/exporters have sold certain potassium phosphate salts in the United States at 69.58 to 95.40 percent," said the department in a statement.

Moreover, the department also ruled that the Chinese producers/ exporters of certain potassium phosphate salts have received net countervailable subsidies of 109.11 percent ad valorem.

As a result of the final determination, the Commerce Department will instruct U.S. Customs and Border Protection (CBP) to collect a cash deposits or bonds on imports of certain potassium phosphate salts from China based on the final AD and CVD rates.

The U.S. International Trade Commission (ITC) is scheduled to issue its final injury determination on or before July 15, 2010.

If the ITC makes affirmative final determinations that imports of certain potassium phosphate salts from China materially injure, or threaten material injury to, the domestic industry, Commerce will issue AD and CVD orders.

The protectionist moves by the Obama administration will ultimately hurt the U.S.-China trade relations, which are becoming more and more important due to the global financial crisis, economists warned.

Chinese Minister of Commerce Chen Deming last week called on world governments to remain alert to trade protectionism for the sake of a global recovery.

"There is still uncertainties and tough way ahead. As the world is going through an economic recovery, countries across the world need to make concerted efforts to stand against protectionism and support liberalization of trade and investment," Chen said.



  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
  • An Indian artist colours clay idols of Goddess Durga for the upcoming Durga Puja festival in Calcutta, capital of eastern Indian state West Bengal on Sept. 27, 2011. The festival celebrates the homecoming of Mother Goddess Durga and the victory of good over evil, dramatized by the goddess' demolition of the evil buffalo demon, Mahishasura. (Xinhua/Tumpa Mondal)
  • A model presents a creation of new upcoming designer Sergei Grinko at the Milan Fashion Week Women's Wear Spring/Summer 2012 in Milan, northern Italy, Sept. 27, 2011. The Milan fashion week closed on Tuesday. (Xinhua/Wang Qingqin)
  • Yu Guangyao (2nd R), president of Shanghai Shentong Metro Co., Ltd, bows his apology at a press conference on the subway trains collision accident happened Tuesday afternoon, in east China's Shanghai Municipality, Sept. 27, 2011. By 8:30 p.m. (1230 GMT) Tuesday, a total of 271 injured people in the accident have received medical treatment in hospitals, among them 180 have been dispatched. Other 61 injured people are still in hospital, in which 30 are under emergency observations. No critical injuries have been reported. (Xinhua/Chen Fei)
  • Children visit the Confucian temple in Tainan, southeast China's Taiwan, Sept. 27, 2011. A ceremony will be held at the temple to commemorate Confucius (551-479 BC) on Sept. 28, the birthday of the ancient Chinese thinker and educationist and the annual Teacher's Day of Taiwan in honor of him. (Xinhua/Ren Zhenglai)
  • Fourth-grader Ma Lianghai (left) and third-grader Ma Linxiang are engrossed in their work during art class at Zhaojia Elementary School in Dongxiang, Gansu province, on Sept 18. (Photo by Xu Jingxing/China Daily)
Hot Forum Discussion