WTO Anti Dumping
The United States decided on 17th April 2012 that it will not impose anti dumping duties (AD) or countervailing duties (CVD) against imports of steel wheels from China.
The US Commerce Department last month claimed that these products had been sold in the United States at dumping margins ranging from 44.96% to 193.54%, and they also had received countervailable subsidies between 25.66 % and 38.32%.
According to the Commerce Department, in 2011, imports of steel wheels from China were valued at an estimated 84.2 million US dollars.
The US International Trade Commission (ITC) made a final determination that the US industry is not materially injured or threatened with injury due to the imports of certain steel wheels from China which the US Commerce Department has levied, are subsidized and sold in the United States at less than fair value.
The trade panel, however, by a vote of 6-0 rejected the Commerce Department duties ranging up to more than 200% on steel wheels from China.
As a result of the USITC's negative determination, no AD or CVD orders shall be issued on these products from China.
This includes wheels, rims, and discs, whether coated or uncoated, regardless of the type of coating.
Certain steel wheels are classifiable in the Harmonized Tariff Schedule of the United States (HTSUS) under subheading 8708.70 (covering road wheels for motor vehicles and parts and accessories of such wheels). Other steel wheels may be covered under: 8708.70.05, 8708.70.25, 8708.70.15, 8708.70.35, 8708.70.45, 8708.70.4530, 8708.70.4530, 8708.70.60, 8708.70.6030, 8708.70.6045 and 8708.70.6060.
On the very same day ,the U.S. trade panel rejected punitive duties on bottom-mount refrigerators from South Korea and Mexico through negative determination as well.
It is relatively rare for the ITC to reject duties in trade remedy cases, that too twice in the same day by unanimous votes. These decisions could lead the U.S. manufacturers to think twice before filing new complaints.
The trade panel will vote on duties in two more cases on 19th April 2012, one involving brightening agents from China and Taiwan and another on steel nails from the United Arab Emirates.
United States International Trade Commission (ITC) is an independent, bi-partisan, quasi-judicial, federal agency of the United States that provides trade expertise to both the legislative and executive branches. Further, the agency determines the impact of imports on U.S. industries and directs actions against certain unfair trade practices.