Business     

US rejects import duties on Chinese steel wheels

Xinhua, April 18, 2012

• The United States decided Tuesday that it would not impose antidumping duties (AD) or countervailing duties (CVD) against imports of steel wheels from China.

  A file photo showing the China-made steel wheels ready for exporting to the U.S. market. ?[China.org.cn]

  The U.S. International Trade Commission (USITC) made a final determination that "a U.S. industry is not materially injured or threatened with injury by reason of imports of certain steel wheels from China that the U.S. Commerce Department has determined are subsidized and sold in the United States at less than fair value."

  As a result of the USITC's negative determination, no AD or CVD orders will be issued on these products from China.

  The U.S. Commerce Department last month claimed that these products had been sold in the United States at dumping margins ranging from 44.96 percent to 193.54 percent, and they also had received countervailable subsidies between 25.66 percent and 38.32 percent.

  In 2011, imports of steel wheels from China were valued at an estimated 84.2 million U.S. dollars, according to the Commerce Department.

Copyright ? China.org.cn. All Rights Reserved