U.S foists cash deposits on magnesium imports from Israel for dumping
Admin l Wednesday, July 03, 2019
WASHINGTON – The United States’ Department of Commerce today announced the affirmative preliminary determination in the antidumping duty (AD) investigation of imports of magnesium from Israel and found out that exporters from Israel have dumped magnesium in the United States at a margin of 193.24 percent.
“As a result of today’s decision, Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of magnesium from Israel based on this preliminary rate”, the department said in a statement.
In 2018, imports of magnesium from Israel were valued at an estimated $38.9 million. The petitioner is US Magnesium LLC (Salt Lake City, UT).
According to the statement, 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 172 new antidumping and countervailing duty investigations – this is a 219 percent increase from the comparable period in the previous administration”, he said.
According to the department the 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 487 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade. Commerce is scheduled to announce the final determination on or about November 22, 2019”, the statement added.
“If Commerce’s final determination is affirmative, the U.S. International Trade Commission (ITC) will be scheduled to make its final injury determination on or about January 6, 2020. If Commerce makes an affirmative final determination of dumping, and the ITC makes an affirmative final injury determination, Commerce will issue an AD order. If Commerce makes a negative final determination of dumping, or the ITC makes a negative final determination of injury, the investigation will be terminated and no orders will be issued.
“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”, the statement said.
