(Yicai Global) Jan. 18 -- In a further sign of rising protectionism, the US commerce department initiated three trade remedy probes against Chinese imports in a single day.
The department issued three statements yesterday in quick succession, stating it has opened anti-dumping and countervailing investigations of Chinese plastic decorative ribbons. It also found acts of countervailable subsidies with stainless steel flange and fine denier polyester staple fiber products from China and India, so US customs will henceforth charge a bond on them, China News Service reported.
The department launched the investigation of the ribbons upon a claim filed by a Pennsylvania company. The agency estimated that the dumping margin was between 74 and 370 percent, and that the subsidy margin exceeded the two percent limit for developing economies. The country imported USD18 million worth of plastic ribbons from China in 2016, the department noted.
The International Trade Commission (ITC) will deliver a preliminary ruling on the case around Feb. 12. If it finds that the products have caused material harm to domestic industries, the commerce department will proceed with the investigations and make a preliminary determination on the anti-dumping and countervailing probes in March and June, respectively, per US trade remedy policy.
The department and the ITC will pronounce their final decisions on the countervailing subsidy investigations in April and May. If both decisions come back in the affirmative, customs will levy countervailing duties. The US imported USD16 million in stainless steel flanges from China in 2016, per commerce department statistics.
If the ITC makes an affirmative determination on the polyester staple fiber in early March, countervailing duties will also be imposed thereon. The total value of fine denier polyester staple fiber imports from China in 2016 was USD79 million.
The US should work with other nations to preserve free, open and fair global trade and handle trade frictions more rationally per its commitment to supporting free trade, China’s commerce ministry has said several times.Keywords: US, plastic decorative ribbon, stainless steel flange, fine denier polyester staple