Last week, the U.S. Commerce Department announced that it has concluded its investigation into imports of cast iron soil pipe fittings from China and the department has found that exporters from China received countervailable subsidies ranging from 7.37 percent to 133.94 percent. In addition to that, the department has also found that Chinese exporters are dumping the above product at 22.11 to 360.39 percent less than fair value. The Commerce Department has asked the U.S. customs and border protection agency (CBP) to collect cash deposits from importers based on the above rates.
The investigation was initiated based on a petition filed by Cast Iron Soil Pipe Institute of Illinois. According to the department’s calculation, the imports of cast iron soil pipe from China were valued at $7.8 million in 2017.
The Commerce Department has significantly stepped up AD & CVD (Countervailing duties) investigations and actions under the Trump administration. The number of investigations initiated and settled is 30 percent more than the previous administration.


Vietnam, U.S. Firms Plan 29 Deals Across Energy, Tech and Aviation
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
BOJ Set for 25-Basis-Point Rate Hike as Yen Weakness Fuels Inflation
Iran Economic Crisis Forces Afghan Families to Return Home
Asian Gold Stocks Rise as Bullion Rebounds on Softer Dollar
US Stocks Rise Ahead of Fed Rate Decision
Yen Slides After BOJ Rate Hike as Dollar Holds Near Seven-Week High
Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease 



