The U.S. Department of Commerce (DoC) has imposed new duties of up to 63% on some Chinese aluminum wire and cable imports because of what was described as โprice-dumping.โ
Per a cited DoC statement, โ(DoC) announced the affirmative preliminary determination in the antidumping duty (AD) investigation of imports of aluminum wire and cable from China, finding that exporters from China have dumped aluminum wire and cable in the United States at a margin of 58.51 to 63.47 percent.”
Encore Wire Chairman, President and CEO Daniel Jones welcomed the decision, noting that, “These illegal trade practices have undermined our investments in aluminum wire production, which is an important complement to our market-leading copper wire business.”ย
A fact sheet accompanying the notice reported that U.S. imports of aluminum wire and cable from China were valued at more than $157 million in 2017. U.S. customs and border agents will begin collecting cash deposits from importers of these products at the same rates to offset unfair Chinese subsidies, the Commerce Department said.
The Trump administration, reports said, has initiated 168 investigations of unfair trade practices since taking office, more than double the number during a comparable period of the previous administration, according to the release.
