(Yicai Global) June 21 -- The US practice of trade tariffs not only severely harms the interests of Chinese companies but also undermines the seriousness and authority of multilateral rules, China's commerce ministry said today, criticizing the United States for its anti-dumping investigation processes after Washington announced new duties on imports of Chinese aluminum alloy products.
China will take necessary measures to protect the legitimate interests of Chinese enterprises, said Gao Feng, the spokesman for the ministry when commenting on US Secretary of Commerce Wilbur Ross' announcement that Washington will impose anti-dumping duties of about 167 percent on Chinese alloy aluminum sheet products.
China hopes that US investigative agencies can maintain impartiality in making rulings, fully ensure Chinese firms' rights to challenge any rulings, and earnestly perform their international obligations, Gao said during a regular press briefing today.
The US announced import duties on Chinese imports of alloy aluminum sheet valued at nearly USD1 billion, which it claimed dumped to the American market
"The Department of Commerce will do everything in its power to stop the flow of unfairly subsidized or dumped goods into US markets," Ross said in a statement on June 19.
The US wrongly adopts surrogate country pricing practices in its preliminary ruling to determine that all Chinese companies will be subject to excessively high anti-dumping duties of about 167 percent, Gao added.
US investigative agencies use unfavorable facts in their anti-dumping probes and rule that Chinese businesses fail to cooperate fully despite the fact that the date on which Chinese firms submitted their third reports as required is too close to the deadline for those agencies to make a preliminary ruling, Gao said.
Moreover, Chinese companies submitted their full reports on time, Gao said, adding that China is strongly dissatisfied with this process.
Editor: Mevlut Katik