Posted at 7:02 PM
Today, U.S. Secretary of Commerce Wilbur Ross announced the affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of tool chests and cabinets from the People’s Republic of China (China) and the Socialist Republic of Vietnam (Vietnam).
“The United States is committed to free, fair and reciprocal trade with China, but this is not our idea of a properly functioning trading relationship,” said Secretary Ross. “We will continue to verify the accuracy of this decision, while doing everything in our power to stand up for American companies and their workers.”
The Commerce Department preliminarily determined that exporters from China have sold tool chests and cabinets in the United States at 90.40 percent to 168.93 percent less than fair value. The Commerce Department preliminarily determined that exporters from Vietnam have sold tool chests and cabinets in the United States at 230.31 percent less than fair value.
As a result of these decisions, Commerce will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits from importers of tool chests and cabinets from China and Vietnam based on these preliminary rates.
In 2016, imports of tool chests and cabinets from China and Vietnam were valued at an estimated $230 million and $77 million, respectively.
The petitioner is Waterloo Industries, Inc. (Waterloo). Waterloo manufactures tool chests at its production facility in Sedalia, Missouri.
Enforcement of U.S. trade law is a prime focus of the Trump administration. From January 20, 2017, through November 13, 2017, Commerce has initiated 77 antidumping and countervailing duty investigations – a 61 percent increase from 48 in the previous year.
The AD law provides U.S. businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of unfair subsidization of imports into the United States. Commerce currently maintains 412 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.
Unless the final determinations are postponed, Commerce is currently scheduled to announce its final AD determinations in March 2018.
If Commerce makes affirmative final determinations of dumping and the U.S. International Trade Commission (ITC) makes affirmative final injury determinations, Commerce will issue AD orders. If Commerce makes negative final determinations of dumping or the ITC makes negative final determinations of injury, the investigations will be terminated and no orders 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 antidumping duties.