WASHINGTON – Today, the U.S. Department of Commerce announced the initiation of new antidumping (AD) and countervailing duty (CVD) investigations to determine whether twist ties from China are being dumped in the United States, and to determine if producers are receiving unfair subsidies.
The petitions were filed by Bedford Industries, Inc. (Worthington, Minn.).
In the AD investigation, Commerce will determine whether imports of twist ties from China are being dumped in the U.S. market at less-than-fair value. The alleged dumping margin is 72.96 percent.
In the CVD investigation, Commerce will determine whether Chinese producers of twist ties are receiving unfair government subsidies. Commerce will investigate 15 subsidy programs, including tax programs, government provision of goods for less than adequate remuneration, grants, government provided loans, and China’s allegedly undervalued currency. This is the second petition alleging currency undervaluation that Commerce has received since February 2020, when Commerce published a rule for addressing such claims in coordination with the Treasury Department.
U.S. law provides that Commerce shall initiate an AD or CVD investigation if the petition alleges the elements necessary for the imposition of the duty, is accompanied by information reasonably available to the petitioner supporting those allegations, and is adequately supported by the domestic industry. After initiation, Commerce investigates and evaluates the claims in the petition based on evidence and arguments submitted to Commerce.
If Commerce makes affirmative findings in these investigations, and if the U.S. International Trade Commission (ITC) determines that dumped and/or unfairly subsidized U.S. imports of twist ties from China materially injure or threaten material injury to the U.S. industry, Commerce will impose duties on those imports in the amount of dumping and/or unfair subsidization found to exist.
The petitioner estimated the value of twist ties imported from China in 2019 at $4.15 million.
Read the fact sheet on today’s decision. Read More →
https://www.trade.gov/press-release/us-department-commerce-initiates-antidumping-duty-and-countervailing-duty-8
