Thursday, March 1, 2018

US proposes anti-dumping duties on Chinese aluminum foil

The U.S. Commerce Department on Tuesday recommended raising import duties on Chinese-made aluminum foil it said is being sold at unfairly low prices due to improper subsidies to producers.
 
Beijing faces complaints from the United States, European Union and other trading partners that a flood of Chinese aluminum, steel and other exports are being sold at unfairly low prices.
 
The Commerce Department said it concluded Chinese exporters were selling aluminum foil at 49 to 106 percent below fair value and were receiving unfair subsidies of 17 to 81 percent of the goods' value.
 
"China will take necessary measures to defend its interests in response to the wrong practice of the United States," said a Commerce Ministry official, Wang Hejun, in a statement.
 
The American Chamber of Commerce in China says Chinese officials have warned of possible unspecified retaliation if Washington took excessive steps in trade disputes.

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