Today, the U.S. Department of Commerce announced the affirmative final determinations in the antidumping duty (AD) investigations of imports of acetone from Singapore and Spain, finding that exporters from these countries sold acetone at dumping margins ranging from 66.42 to 131.75 percent and 137.39 to 171.81 percent, respectively.
As a result of today’s decisions, Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of acetone from Singapore and Spain based on these final rates.
In 2018, imports of acetone from Singapore and Spain were valued at an estimated $8.5 million and $17 million, respectively.
The petitioner is the Coalition for Acetone Fair Trade, which includes AdvanSix, Inc. (Parsippany, NJ), Altivia Petrochemicals, LLC (Haverhill, OH), and Olin Corporation (Clayton, MO).
The strict enforcement of U.S. trade law is a primary focus of the Trump Administration. Since the beginning of the current Administration, Commerce has initiated 184 new antidumping and countervailing duty investigations – a 235 percent increase from the comparable period in the previous administration.
Antidumping and countervailing duty laws provide American businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of the unfair pricing of imports into the United States. Commerce currently maintains 498 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.
The International Trade Commission (ITC) is currently scheduled to make its final injury determinations on or before November 29, 2019. If the ITC makes affirmative final injury determinations, Commerce will issue AD orders. If 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 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 law and does so through an impartial, transparent process that abides by international law and is based on factual evidence provided on the record.
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. Companies that receive unfair subsidies from their governments, such as grants, loans, equity infusions, tax breaks, or production inputs, are subject to countervailing duties aimed at directly countering those subsidies.