US Investigation Hits Chinese Export Subsidies

(Journal of Commerce)

The Department of Commerce announced its preliminary findings in its anti-subsidy investigation against Chinese exporters of kitchen-appliance shelving and racks from China.

The agency found that several Chinese exporters have received net countervailable subsidies ranging from 13.22 to 197.17 percent.

As a result of its findings, Commerce will instruct Customs and Border Protection to suspend liquidation of entries of subject merchandise and to collect a cash deposit or bond based on these preliminary rates. Commerce expects to issue its final determination in the case in May, 2009.

The U.S. petitioners in the Commerce investigation were Nashville Wire Products; SSW Holding Co.; the United Steelworkers, and the International Association of Machinists and Aerospace Workers. Read more here.