(Yicai Global) Sept. 15 -- The US Department of Commerce has made a preliminary judgment against Chinese industrial company Jiangsu Tongrun Equipment Technology Co. [SHE:002150] to levy an anti-subsidy duty rate of 17.32 percent on its toolbox products.

The rate against Jiangsu Tongrun would be the lowest among Chinese firms currently under anti-subsidy investigations in the US, Jiangsu Tongrun said in a press briefing on Sept. 14.

The company expects the commerce department to make a final decision on the anti-subsidy case in November 2017.

The firm previously had to pay a temporary 17.32-percent countervailing duty for its toolbox products exported to the US.

Jiangsu Tongrun is unable to determine the effect of the decision on its business performance at present but will take mitigation measures, including the development of new products and expansion into other markets.