WASHINGTON – Today, the U.S. Department of Commerce announced the initiation of new antidumping duty (AD) and countervailing duty (CVD) investigations to determine whether certain collated steel staples from China, Korea, and Taiwan are being dumped in the United States and to determine if producers in China are receiving unfair subsidies.
These antidumping and countervailing duty investigations were initiated based on petitions filed by Kyocera Senco Industrial Tools, Inc. (Cincinnati, OH).
There are 27 subsidy programs alleged for China, including five preferential loan and interest rate programs, two export credit programs, five income tax and other direct subsidy programs, four indirect tax programs, six grant programs, and five less than adequate remuneration programs.
- China – 119.37 to 122.55 percent
- Korea – 10.23 to 14.25 percent
- Taiwan – 47.60 percent
If Commerce makes affirmative findings in these investigations, and if the U.S. International Trade Commission (ITC) determines that dumped and/or unfairly subsidized U.S. imports of collated staples from China, Korea, and Taiwan are causing injury to the U.S. industry, Commerce will impose duties on those imports in the amount of dumping and/or unfair subsidization found to exist.
In 2018, imports of collated staples from China, Korea, and Taiwan were valued at an estimated $88.8 million, $6.9 million, and $5.1 million, respectively.
