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US Commerce Sets Antidumping Duties On China Electric Blankets
03/02/2010 12:00
WASHINGTON (Dow Jones)--The U.S. Commerce Department announced a preliminary decision Wednesday to impose antidumping duties against imported woven electric blankets from China.
In its initial assessment, Commerce determined that the blankets are being sold at between 90.32% to 174.85% below fair value.
Commerce is investigating more than 20 countervailing and antidumping cases involving Chinese companies, as U.S. producers are increasingly seeking relief from what they claim are unfair trade practices. China, complaining of protectionism, has challenged some of the duties at the World Trade Organization.
U.S. imports of woven electric blankets from China rose by nearly 17% between 2006 and 2008, with total shipments that year being valued at $29.7 million.
Commerce launched its antidumping investigation last July, after a complaint by Jarden Consumer Solutions, a unit of Jarden Corp. (JAH) whose brands include Sunbeam and Mr. Coffee.
As a result of the preliminary determination, the U.S. Customs and Border Protection will collect a cash deposit or bond. Commerce plans to make a final decision in June, and then the U.S. International Trade Commission must find that the imports harm U.S. producers before the duties can go into effect.
In its initial assessment, Commerce determined that the blankets are being sold at between 90.32% to 174.85% below fair value.
Commerce is investigating more than 20 countervailing and antidumping cases involving Chinese companies, as U.S. producers are increasingly seeking relief from what they claim are unfair trade practices. China, complaining of protectionism, has challenged some of the duties at the World Trade Organization.
U.S. imports of woven electric blankets from China rose by nearly 17% between 2006 and 2008, with total shipments that year being valued at $29.7 million.
Commerce launched its antidumping investigation last July, after a complaint by Jarden Consumer Solutions, a unit of Jarden Corp. (JAH) whose brands include Sunbeam and Mr. Coffee.
As a result of the preliminary determination, the U.S. Customs and Border Protection will collect a cash deposit or bond. Commerce plans to make a final decision in June, and then the U.S. International Trade Commission must find that the imports harm U.S. producers before the duties can go into effect.
By Tom Barkley, Dow Jones Newswires; 202-862-9275; tom.barkley@dowjones.com
JANUARY 27, 2010, 4:28 P.M. ET
Source: online.wsj.com
JANUARY 27, 2010, 4:28 P.M. ET
Source: online.wsj.com
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