US imposes cash deposites on polyester textured yarn from China and India

WASHINGTON – The U.S. Department of Commerce today announced the affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of polyester textured yarn from China and India, finding that exporters from China have dumped polyester textured yarn in the United States at margins of 76.07 percent and 77.15 percent, while exporters from India have dumped polyester textured yarn in the United States at margins of 17.88 percent and 35.92 percent.

“As a result of today’s decisions, Commerce will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits from importers of polyester textured yarn from China and India based on these preliminary rates. In 2017, imports of polyester textured yarn from China and India were valued at an estimated $35 million and $19.6 million, respectively”, Department of Commerce has said.

The development is based on petitions from Unifi Manufacturing, Inc. (Greensboro, NC) and Nan Ya Plastics Corp. America (Lake City, SC). “The strict enforcement of U.S. trade law is a primary focus of the Trump Administration. Since the beginning of the current Administration, Commerce has initiated 168 new antidumping and countervailing duty investigations – this is a 211 percent increase from the comparable period in the previous administration”, the department added.

Antidumping and countervailing duty laws provide American businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of the unfair pricing of imports into the United States. Commerce currently maintains 484 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.

Commerce is scheduled to announce the final determinations on or about November 14, 2019.

“If Commerce’s final determinations are affirmative, the U.S. International Trade Commission (ITC) will be scheduled to make its final injury determinations on or about December 28, 2019. If Commerce makes affirmative final determinations of dumping, and the ITC makes affirmative final injury determinations, Commerce will issue AD orders. If Commerce makes negative final determinations of dumping, or the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued”, it noted.

The U.S. Department of Commerce’s Enforcement and Compliance unit within the International Trade Administration is responsible for vigorously enforcing U.S. trade law and does so through an impartial, transparent process that abides by international law and is based on factual evidence provided on the record.

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.