Posted at 6:00 PM
Today, U.S. Secretary of Commerce Wilbur Ross announced the affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of low melt polyester staple fiber from Korea and Taiwan.
“Today’s decision allows U.S. producers of low melt polyester staple fiber to receive relief from the market-distorting effects of foreign producers dumping their goods into the domestic market,” said Secretary Ross. “Though politics plays no role in antidumping investigations, President Trump made it clear that we will vigorously enforce our trade laws and provide U.S. industry relief from unfair trade practices.”
The Commerce Department preliminarily determined that exporters from Korea and Taiwan have sold low melt polyester staple fiber in the United States at 0.00 to 16.48 percent and 52.00 percent less than fair value, respectively.
As a result of today’s decision, Commerce will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits from importers of imports of low melt polyester staple fiber from Korea and Taiwan based on these preliminary rates.
In 2016, imports of low melt polyester staple fiber from Korea and Taiwan were valued at an estimated $76.6 million and $26.8 million, respectively.
The petitioner is Nan Ya Plastics Corporation, America (SC).
Enforcement of U.S. trade law is a prime focus of the Trump administration.
Through the first year of the Trump Administration, the Department of Commerce initiated 84 AD and CVD cases – a 58 percent increase when compared to the final year of the Obama Administration.
The AD law provides U.S. businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of unfair pricing 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.
Commerce is scheduled to announce the final determinations in these investigations on or about June 8, 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.