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AD on the Chinese electric blankets
30/07/2010 12:00
The United States International Trade Commission (USITC) Wednesday decided to impose an anti-dumping duty (AD) on the imports of Chinese electric blankets, according to reports from Washington.
USITC commissioners voted unanimously to slap duties on the imports, which include finished and unassembled woven electric blankets. The highest duty rate can reach 174.85 percent.
The move comes months after the US Department of Commerce determined to implement AD on imports of some $55.92-million woven electric blankets from China, saying that the country's domestic electric blanket manufacturers are materially injured by the competitiveness of Chinese products.
Chinese exporters of eletric blankets have a profit rate of roughly 5 percent. If the new measure is indeed implemented, they (Chinese exporters) will be forced to withdraw from the American market, according to an industry insider.
The Sino-US trade relations have become of great importance ever since the financial crisis broke out. The Ministry of Commerce (MOC)said both nations need a better understanding of each other's roles in the international trade market.
USITC commissioners voted unanimously to slap duties on the imports, which include finished and unassembled woven electric blankets. The highest duty rate can reach 174.85 percent.
The move comes months after the US Department of Commerce determined to implement AD on imports of some $55.92-million woven electric blankets from China, saying that the country's domestic electric blanket manufacturers are materially injured by the competitiveness of Chinese products.
Chinese exporters of eletric blankets have a profit rate of roughly 5 percent. If the new measure is indeed implemented, they (Chinese exporters) will be forced to withdraw from the American market, according to an industry insider.
The Sino-US trade relations have become of great importance ever since the financial crisis broke out. The Ministry of Commerce (MOC)said both nations need a better understanding of each other's roles in the international trade market.
Global Times
[11:14 July 29 2010]
Source: business.globaltimes.cn
[11:14 July 29 2010]
Source: business.globaltimes.cn
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