ZCZC
BCN-04
US-GERMANY-ECONOMY-TRADE-TARIFF-ALUMINUM
US to impose anti-dumping tax on 18 countries
WASHINGTON, March 3, 2021 (BSS/AFP) – The US Department of Commerce is
preparing to tax aluminum sheet exporters from 18 countries after determining
Tuesday they had benefited from subsidies and dumping.
The US International Trade Commission (ITC), an independent body, must
approve the final decision by April 15 to impose anti-dumping or
countervailing duties, a department statement said.
The investigation, launched under Donald Trump’s administration, had been
requested by nearly a dozen US aluminum alloy manufacturers, including
Arconic and Aleris Rolled products, which felt they were being harmed by
competing imports at lower prices.
President Joe Biden’s administration determined that imports from Germany
in particular ($287 million in 2019) benefited from dumping ranging from 40
to 242 percent.
The same is true for aluminum alloy sheets from Bahrain ($241 million),
which the administration said benefited from pricing below the cost of
production or the local market of 83 percent.
Imports from India ($123 million in 2019) have benefited from subsidies for
35 to 89 percent, according to the US investigation.
In October, the Trump administration indicated that it had already begun to
levy preliminary duties in the investigation.
The other countries concerned are Brazil, Croatia, Egypt, Greece,
Indonesia, Oman, Romania, Serbia, Slovenia, South Africa, South Korea, Spain,
Taiwan and Turkey.
“If the ITC makes affirmative final injury determinations, Commerce will
issue AD or CVD orders,” the department said in the statement, referring to
anti-dumping or countervailing duties orders.
According to the statement, 559 orders on various imports are currently in
effect to “provide relief to American companies and industries impacted by
unfair trade.”
“Foreign companies that price their products in the US market below the
cost of production or below prices in their home markets are subject to AD
duties,” the statement said.
“Foreign companies that receive unfair subsidies from their governments,
such as grants, loans, equity infusions, tax breaks, or production inputs,
are subject to CVD duties aimed at directly countering those subsidies.”
BSS/AFP/MSY/1021 hrs