(Yicai Global) Nov. 23 -- The Department of Commerce put forward plans to introduce anti-subsidy duties on tool cabinets imported from China ranging between 14.03 and 95.96 percent, it said in a press briefing yesterday.
If the US International Trade Commission (ITC) makes an affirmative final decision in January that such imports damage or may damage the interests of American producers, the duty will take effect, with a validity period of five years.
The Department started its anti-subsidy investigation into tool cabinets from China after receiving a complaint from Waterloo Industries Inc. The country imported about USD990 million worth of tool cabinets from China in 2016, official data shows.
A separate department anti-subsidy investigation found that certain Chinese companies were selling tool cabinets at prices 90.40 to 168.93 percent lower than their fair value in the US.