Posted at 2:52 PM
Today, U.S. Secretary of Commerce Wilbur Ross announced the final determination in the antidumping duty (AD) investigation, finding that emulsion styrene-butadiene rubber from Brazil, Korea, Mexico, and Poland were being sold in the U.S. market at unfair prices.
“The Department of Commerce does not sit idly by when foreign countries dump underpriced goods into the world’s most open market,” said Secretary Ross. “The Trump administration will continue to stand up for American companies and their workers by assuring trade remains free, but fair.”
The Commerce Department determined that exporters from Brazil, Korea, Mexico, and Poland have sold emulsion styrene-butadiene rubber in the United States at 19.61 percent, 9.66 percent to 44.30 percent, 19.52 percent, and 25.43 percent, respectively at less than fair value based on factual evidence provided by the interested parties.
The Commerce Department will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits from importers of emulsion styrene-butadiene rubber from Brazil, Korea, Mexico, and Poland based on these final rates.
In 2016, imports of ESB rubber from Brazil, Korea, Mexico, and Poland were valued at an estimated $29.8 million, $503,000, $23.1 million, and $3.4 million, respectively. The U.S. producers who filed these cases are Lion Elastomers LLC (Port Neches, TX) and East West Copolymer, LLC (Baton Rouge, LA).
Enforcement of U.S. trade law is a prime focus of the Trump Administration. From January 20, 2017, through July 11, 2017, Commerce has initiated 49 antidumping and countervailing duty investigations – a 40% increase from the previous year. For the same time period in 2016, Commerce had initiated 35 antidumping and countervailing duty investigations.
Antidumping laws provide U.S. businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of dumping unfairly priced products into the United States. Commerce currently maintains 401 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.
The U.S. International Trade Commission (ITC) is conducting investigations to determine whether or not the domestic industry is harmed by imports of emulsion styrene-butadiene rubber from Brazil, Korea, Mexico, and Poland. The ITC is currently scheduled to make its final injury determination on or before August 24, 2017.
If the ITC makes an affirmative final injury determination, Commerce will issue antidumping orders. If the ITC makes a negative final determination of injury, the investigation will be terminated and no order will be issued.
Click HERE for a fact sheet on today’s decision.
The U.S. Department of Commerce’s Enforcement and Compliance unit within the International Trade Administration is responsible for vigorously enforcing U.S. trade laws and does so through an impartial, transparent process that abides by international law and is based solely on factual evidence.
Foreign companies that price their products in the U.S. market below the cost of production or below prices in their home markets are subject to AD duties.
In fiscal year 2016, the United States collected $1.5 billion in duties on $14 billion of imported goods found to be underpriced or subsidized by foreign governments.