Tags: ITC Votes to Impose Duties on Aluminum Goods From China

U.S. ITC Votes to Impose Duties on Aluminum Goods From China

Thursday, 28 Apr 2011 02:14 PM

U.S. makers of most aluminum products are being harmed by imports from China, the U.S. International Trade Commission ruled in a decision that will lead to tariffs on those items.

The final ruling today sets antidumping duties of about 33 percent and countervailing duties for subsidies that will be as much as 374 percent on importers from China. The products, used for construction and incorporated into window and door frames, accounted for $503 million of imports from China last year.

The commission excluded heat sinks, used in computers and electronics, from the tariffs, according to a statement on the independent agency’s website.

A World Trade Organization panel ruled against the U.S. practice of imposing both dumping and subsidy duties on Chinese products last month.

“Against this backdrop, the U.S. side is imposing new similar sanctions against Chinese products,” Wang Baodong, a spokesman for the Chinese embassy in Washington, said when asked about the duties on March 30.

The case was filed by a group of closely held companies.


© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
Markets
U.S. makers of most aluminum products are being harmed by imports from China, the U.S. International Trade Commission ruled in a decision that will lead to tariffs on those items. The final ruling today sets antidumping duties of about 33 percent and countervailing duties...
ITC Votes to Impose Duties on Aluminum Goods From China
168
2011-14-28
Thursday, 28 Apr 2011 02:14 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved