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US to slap punitive duties of high pressure cylinders on China

06-12-2012 13:22 BJT

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The US international Trade Commission has issued its final verdict on the import of high pressure steel cylinders from China. It finally clears the way for the US government to levy antidumping and counterveiling duties.

Trade protectionism against China.

The final verdict by the US international trade commission shows that the US industry is materially injured by imports of China’s high-pressure steel cylinders.

Earlier this month, the US Commerce Department had determined those products were subsidized and sold in the US market at less than fair value.

As a result of the verdict, the commerce department will impose antidumping duties of 6.62 to 31.21 percent and countervailing duties of 15.81 percent on imports of this product from China.

Last year, US manufacturer Norris Cylinder Company, the last remaining producer of high-pressure steel cylinders in the nation, asked for anti-dumping duties of up to 176.25 percent and additional countervailing duties on these products from China.

In 2011, US imports of steel cylinders from China were valued at an estimated 81.7 million US dollars.

America’s moves come at a time when trade protectionism is on the rise amid a sluggish economic recovery.

China has repeatedly urged the US to abide by its commitments against protectionism and help maintain a free, open and just trading environment.

 

Editor:Zhang Jingya |Source: CNTV.CN

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