US imposes duties on poly fiber imports from China, India
Washington – The US Department of Commerce has determined that China and India are unfairly subsidizing poly producers at double- and triple-digit margin rates.
On April 29, the Commerce Department announced a new initiative to counteract that pricing advantage. US Customs and Border Protection will now begin collecting countervailing duties (CVD) in the amount equal to the preliminary subsidy rates for imports from each country. Importers will be required to post duty deposits at these CVD rates on the date the preliminary determinations are published in the Federal Register, which is expected to occur in approximately one week.
Last Update 2019-07-28