SHANGHAI :
Toolboxes Imported From China Are Subsidized, US Commerce Department Says
Tang Shihua
DATE:  Sep 13 2017
/ SOURCE:  Yicai
Toolboxes Imported From China Are Subsidized, US Commerce Department Says Toolboxes Imported From China Are Subsidized, US Commerce Department Says

(Yicai Global) Sept. 13 -- The US Commerce Department has issued a preliminary determination, ruling that toolboxes and tool cabinets imported to the States from China receive subsidies of 17.32 percent to 32.07 percent, state-run Xinhua news agency reported.

The department opened an anti-dumping and anti-subsidy investigation into toolboxes and tool cabinets exported from China on May 2 in response to a complaint from American toolbox manufacturer Waterloo Industries Inc.

The United States imported about USD900 million worth of such products from China last year, US Commerce Department data show.

The US Commerce Department and International Trade Commission will make their final decisions on the investigation in November 2017 and January 2018, respectively.

If both institutions find that such products imported from China pose substantial harm or threats to US industries, the US Commerce Department will require Customs and Border Protection to impose an anti-dumping and anti-subsidy tariff on related products.

China's Ministry of Commerce has stated repeatedly that it hopes the US government can adhere to its commitment to avoid trade protectionism; work with the Chinese government to maintain a free, open, and fair international trading environment; and handle trade friction properly and rationally.

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Keywords:   China-US Trade Dispute,Toolbox,Preliminary Determinations