U.S. slaps punitive tariffs on Chinese wire decking

10:53, June 05, 2010      

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The U.S. Commerce Department Friday set final anti-dumping duties (AD) and countervailing duties (CVD) on imports of some 235.9-million-dollar wire decking from China, a move which might escalate trade disputes between the two countries.

"Commerce determined that Chinese producers/exporters have sold wire decking in the United States at 14.24 to 143.00 percent less than normal value," said the department in a statement.

Moreover, the department also ruled that the Chinese producers/exporters have received net countervailable subsidies of 1.52 to 437.11 percent.

Chinese Minister of Commerce Chen Deming recently 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," he said.

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 wire decking from China based on the final AD and CVD rates.



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