Posted at 9:51 PM
Today, U.S. Secretary of Commerce Wilbur Ross announced the affirmative preliminary determination in the countervailing duty (CVD) investigation of imports of polytetrafluoroethylene (PTFE) resin from India, finding that exporters in India received countervailable subsidies of 3.90 percent.
“The Department will act swiftly while ensuring a full and fair assessment of the facts,” said Secretary Ross. “The Trump administration is committed to the enforcement of America’s trade laws that ensure U.S. businesses and workers have a fair chance to compete.”
The Commerce Department will instruct U.S. Customs and Border Protection to collect cash deposits from importers of PTFE resin India based on these preliminary rates.
In 2016, imports of PTFE resin from India were valued at an estimated $14.3 million.
The petitioner is The Chemours Company FC LLC (Wilmington, DE).
Enforcement of U.S. trade law is a prime focus of the Trump administration. From January 20, 2017, through February 28, 2018, the Commerce Department has initiated 102 antidumping and countervailing duty investigations – a 96 percent increase from same period in 2016 - 2017.
CVD 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 418 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.
Commerce is currently scheduled to announce its final CVD determination on May 15, 2018.
If the Commerce Department makes an affirmative final determination in this investigation and the U.S. International Trade Commission (ITC) makes an affirmative final injury determination, Commerce will issue a CVD order. If the Commerce Department makes a negative final determination or 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 decisions.
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 rules and is based solely on factual evidence.
Imports from companies that receive unfair subsidies from their governments in the form of grants, loans, equity infusions, tax breaks and production inputs are subject to “countervailing duties” aimed at directly countering those subsidies.