ITC Aluminum Wire and Cable Tariffs Target China
Theย ITC aluminum wire and cable tariffsย mark a decisive move to protect U.S. manufacturers from unfair trade practices. Theย U.S. International Trade Commission (ITC)ย determined that Chinese imports entered the U.S. market atย below-market pricesย and benefited fromย illegal government subsidies.
This ruling supports earlier findings from theย U.S. Department of Commerce (DoC), which you can explore at https://www.commerce.gov.
Dumping and Subsidy Rates Under ITC Aluminum Wire and Cable Tariffs
The Department of Commerce established significant penalty rates for Chinese manufacturers. These include:
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63.47% dumping rateย for Shanghai Silin Special Equipment Co., Ltd. and Hebei Huatong Wires and Cables Group Co., Ltd.
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58.51% dumping rateย for select additional companies
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165.63% subsidy rateย for key respondents, including Shanghai Silin and Shanghai Yang Pu Qu Gong
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33.44% subsidy rateย for Changfeng Wire & Cable Co., Ltd. and other producers
The ITC approved these penalties, reinforcing enforcement against unfair pricing and subsidization.
Impact on U.S. Manufacturers
U.S. cable producers, includingย Southwire Companyย (https://www.southwire.com) andย Encore Wire Corporationย (https://www.encorewire.com), pushed for these measures.
Southwire Executive Vice Presidentย Norman Adkinsย emphasized that the decision strengthensย fair competition. He noted that enforcing trade laws allows U.S. manufacturers to compete on aย level playing fieldย against subsidized imports.
Enforcement and Market Impact
Following the ITC decision, the Department of Commerce will issueย antidumping (AD) and countervailing duty (CVD) orders.ย U.S. Customs and Border Protectionย (https://www.cbp.gov) will begin collectingย cash deposits on imports, with rates ranging fromย 81.27% to 218.42%.
In 2018, the U.S. imported approximatelyย $115 millionย worth of aluminum wire and cable from China. These new tariffs will significantly impact future import volumes and pricing.
