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DoC finds imports of aluminum extrusions from China being subsidized at significant rates

Post Time:Sep 07,2010Classify:Industry NewsView:130

The U.S. Department of Commerce today [Aug. 31] announced its affirmative, preliminary determination in the countervailing duty investigation of aluminum extrusions from China. Commerce has determined that imports from China are benefiting from various subsidies that are countervailable under the law, which means that countervailing duties may be applied to imports to offset these subsidies and remedy the unfair trade. Based on this preliminary determination, imports of aluminum extrusions from China will be subject to cash deposits or bonds ranging from 6.18 percentto 137.65 percentof the entered value of the merchandise. If the case ultimately is successful and a countervailing duty order is imposed, imports after this preliminary determination will be subject to countervailing duties. Thus, as of the date that this determination is published in the Federal Register, importers could be liable for countervailing duties on imports of aluminum extrusions from China, according to an Aug. 31 Aluminum Extruders Council release.

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