US Commerce Secretary Ross announced on the 17th that he initiated anti-dumping and countervailing investigations on steel wheel products produced in China (ie, "double-reverse" investigation). On the same day, the US Department of Commerce also initially imposed a subsidy on the general aluminum alloy plates imported from China.
In a statement about China's steel wheel products, Ross said that the US Department of Commerce will act quickly and conduct a comprehensive and fair assessment of relevant facts to ensure that American companies and workers have equal opportunities to compete.
The US Department of Commerce said that the launch of the "double-reverse" investigation was in response to a complaint filed by two US companies on March 27. It is estimated that the above products have a dumping margin of 12.1% to 231.7% and involve 56 subsidy programs.
According to the US trade remedy procedure, another US agency, the US International Trade Commission, will cut the steel wheel products imported from China before May 11 to cause substantial damage to the relevant industries in the United States. If the committee makes a positive preliminary ruling, the Ministry of Commerce will continue the "double-reverse" investigation, and plans to make countervailing and anti-dumping preliminary rulings on June 20 and September 4, respectively.
According to data from the US Department of Commerce, the amount of steel wheel products imported from China in 2017 was approximately $388 million.
On the same day, Ross also said in another statement that the US Department of Commerceâ€™s preliminary ruling found that there were subsidies for the general-purpose aluminum alloy plates imported from China, with a subsidy range of 31.2% to 113.3%.
On November 28 last year, the US Department of Commerce issued an announcement to independently launch a â€œdouble-reverseâ€ investigation on the general-purpose aluminum alloy plates imported from China. This is the first time that the US Department of Commerce has not applied for domestic industry applications for 25 years, but has independently initiated trade remedies. survey.
In view of the preliminary results on the 17th, the US Department of Commerce will notify the US Customs to impose a corresponding deposit on the general-purpose aluminum alloy plates imported from China. The US Department of Commerce plans to make a final ruling on the countervailing investigation against the above products on August 30. If the US International Trade Commission also makes a positive final ruling on October 15, the United States will formally impose countervailing duties on the above products. .
The Chinese Ministry of Commerce has repeatedly stated that it hopes that the US government will abide by its commitment to oppose trade protectionism, jointly safeguard a free, open and fair international trade environment, and properly handle trade frictions in a more rational way.
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