US Hits Roller Bearings from South Korea With Antidumping Duties
Commerce determined that exporters from South Korea have sold tapered roller bearings in the United States at 8.21 to 52.44 percent less than fair value.
As a result of the decision, Commerce will instruct US Customs and Border Protection (CBP) to continue to collect cash deposits from importers of tapered roller bearings from South Korea based on these final rates.
In 2017, imports of certain tapered roller bearings from South Korea were valued at an estimated $67.4 million. The petitioner in the case was the The Timken Company of Ohio.
Antidumping duty laws provide American businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of the unfair pricing of imports into the United States. Foreign companies that price their products in the US market below the cost of production or below prices in their home markets are subject to antidumping duties. Since the beginning of the current administration, Commerce has initiated 118 new antidumping and countervailing duty investigations. Commerce currently maintains 449 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.
The US International Trade Commission (ITC) is scheduled to issue its final determination on or around August 2, 2018. If the ITC makes an affirmative final injury determination, Commerce will issue an AD order on subject merchandise from South Korea. If the ITC makes a negative final determination of injury, the investigation will be terminated and no order will be issued.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Eurobike 2018: Randoms I
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
