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U.S. investigation findings, aluminum wire and cable imported from China
U.S. investigation findings, aluminum wire and cable
The U.S. Commerce Department announced the affirmative preliminary determination in a countervailing duty (CVD) investigation of imports of aluminum wire and cable from China, finding that exporters received countervailable subsidies ranging from 11.57% to 164.16%.
Foreign companies that price their products in the U.S. market below the cost of production or below prices in their home markets are subject to antidumping duties. Companies that receive unfair subsidies from their governments—such as grants, loans, equity infusions, tax breaks, or production inputs—are subject to countervailing duties aimed at directly countering those subsidies.
As explained in a Commerce release, the U.S. Customs and Border Protection will be instructed to collect cash deposits from importers of aluminum wire and cable from China based on these preliminary rates.
Commerce is scheduled to announce its final determination on or about August 13, 2019.
- If Commerce makes an affirmative final determination, the U.S. International Trade Commission (ITC) will be scheduled to make its final injury determination on or about September 26, 2019.
- If Commerce makes an affirmative final determination in this investigation and the ITC makes an affirmative final injury determination, Commerce will issue a CVD order.
- If Commerce makes a negative final determination or the ITC makes a negative final determination of injury, the investigation will be terminated and no order will be issued.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Robert Waldrop |
Gisele Belotto |
Christopher Young |
Andy Doornaert |
George Zaharatos |
Jessica Libby |
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