USITC Rules Chinese Aluminum Foil Gained From Countervailable Subsidies
Yicai Global
/SOURCE : Yicai
USITC Rules Chinese Aluminum Foil Gained From Countervailable Subsidies

(Yicai Global) April 24 -- The US International Trade Commission has decided aluminum foil imports from China benefitted from countervailable subsidies.

The USITC found evidence suggesting China's aluminum foil makers received subsidies, and the imported products resulted in material injuries to related industries in the US, USITC statement from April 21 read.

The commerce department will further investigate the products and deliver a preliminary ruling on the countervailing investigation around June 2 and a preliminary ruling on the anti-dumping probe around August 16, the trade commission said.

On March 28, in response to a claim filed by the Aluminum Association's Trade Enforcement Working Group, the department kicked off anti-dumping and countervailing inquiries on more than 230 Chinese exporters, with the dumping margin estimated to be between 38.4 and 140.21 percent.

The US imported about USD389 million worth of aluminum foil from China last year, statistics from the commerce department show.

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Keywords: China , US , Business , Trade , Chemical