(Yicai Global) Nov. 14 -- After earlier determining that Chinese toolboxes and tool cabinets exported to the US had been subsidized, the US Department of Commerce yesterday pronounced that China and Vietnam have been dumping such products into the American market, state-owned news agency Xinhua reported.
The department found that toolboxes and tool cabinets imported from China have dumping margins between 90.4 percent and 168.93 percent, while those from Vietnam have a 230.31-percent margin, the report added.
In early May this year, the DOC began anti-dumping and anti-subsidy probes into the Chinese products and an anti-dumping investigation into those from Vietnam. The department determined on Sept. 12 that the Chinese toolboxes and cabinets received subsidies of 17.32 and 32.07 percent.
The Department of Commerce and the US International Trade Commission will make a final ruling in March and May next year, respectively. If both organizations rule that the imported products have caused substantial damage or threat to domestic industry, the commerce department will instruct US Customers and Border Protection to impose countervailing and anti-dumping duties on the goods.
The Chinese Ministry of Commerce has repeatedly reiterated China's hope that the US government will uphold its commitment to oppose trade protectionism, work with other nations to maintain a free, open and fair world trade environment and handle trade frictions "more rationally." China also recently criticized America's decision to slap anti-dumping and anti-subsidy tariffs on the plywood it exports there.