Us Final Ruling On Anti-Dumping Duty On Ribbon Production In Mainland China And Taiwan

The International Trade Commission of the United States made the final ruling on the 12 day, in the light of the fact that the narrow woven woven ribbons made in the mainland of China and Taiwan were dumped in the United States below market prices, which caused substantial damage to the related industries in the United States, and decided to follow the original U.S.

According to the affirmative damage of the US International Trade Commission, the US Department of Commerce will formally release anti dumping measures to the relevant companies across the Straits.

According to the decision of the US Department of Commerce in July 13th, except for a mainland Chinese manufacturer with a zero tax rate, the rest of the mainland manufacturers were subject to a tax rate of 115.70% to 234.40%, while Taiwan related manufacturers would be subject to a much lower tax rate and a maximum anti dumping tax rate of only 4.54%.

Although the vote was affirmative, the members disagreed. 3 members of the 6 members supported the dumping case. 2 members including the chairman of the committee voted against it, and one member identified the existence of the mainland company.

Data show that the United States imported from China and Taiwan last year a total of 13 million US dollars and 33 million 900 thousand dollars of ribbon.

According to the relevant procedures of the United States, the Ministry of Commerce ruled that the dumping rate is mainly related to dumping, and the International Trade Commission's ruling is mainly related to whether or not it is right.

Under the impact of the financial crisis, the US economy continues to slump, leading to the rise of protectionism in domestic trade.

Coupled with the proximity of congressional mid-term elections and other political factors, the United States has recently implemented trade remedy measures for Chinese products.

For the US trade protectionism, China has made many solemn representations and requested the US side to abide by the consensus reached by both sides, oppose trade protectionism and jointly cope with the financial crisis.