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Under the Trump administration, the U.S. commerce department, under the guidance of Secretary Wilbur Ross continues to take a tough stance on countries that have used unfair means to promote exports. Cracking down on U.S. deficit has been one of the core principles of this administration.
Last night, U.S. commerce department announced preliminary anti-dumping duties (AD) on imports of softwood lumber from Canada. According to the U.S. commerce department, exporters from Germany, China, Switzerland, India, Italy, and Korea have sold cold-drawn mechanical tubing in the United States at 5.10 percent to 209.06 less than fair value and critical circumstances exist for certain exporters or producers of cold-drawn mechanical tubing from China, Italy, and Korea. Commerce Department has instructed, U.S. Customs and Border Protection (CBP) to collect cash deposits from importers of cold-drawn mechanical tubing from Germany (75.39 percent to 209.06 percent), China (61.59 percent to 186.89 percent), Switzerland (34.15 percent to 68.59 percent), Italy (31.42 percent to 36.80 percent), India (0.00 percent to 7.57 percent), and Korea (5.10 percent to 48.00 percent) based on the determined preliminary rates.
According to the Commerce department’s estimation, imports of cold-drawn mechanical tubing from China, Germany, Italy, India, Korea, and Switzerland were valued at an estimated $29.4, $38.8, $25.0, $11.9, $21.3, and $26.2 million, respectively.
Commerce Secretary, Mr. Ross said, “The dumping of goods below market value in the United States is something the Trump Administration takes very seriously…..The Department of Commerce will continue to stand up for American workers and businesses in order to ensure that everyone trades on a level playing field.”
Under Trump administration, Antidumping (AD) and CVD investigations have increased by 61 percent compared to the same period in 2016. 77 investigations have been initiated by the administration.
