The US department of commerce has announced affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of polyester textured yarn (PTY) from China and India, finding exporters from these nations have dumped yarn in the US at margins ranging from 76.07 to 77.15 per cent and 17.62 to 47.51 per cent, respectively.
The department of commerce also determined that exporters from China and India received countervail able subsidies at rates ranging from 32.18 to 473.09 per cent and 4.29 to 21.83 per cent, respectively.
In 2018, imports of polyester textured yarn from China and India were valued at an estimated $45.5 million and $21.6 million, respectively.
The affirmative final determination has been made following a petition made by Unifi Manufacturing, Inc (Greensboro, NC) and Nan Ya Plastics Corp America (Lake City, SC).
“The strict enforcement of US trade law is a primary focus of the Trump Administration. Since the beginning of the current Administration, the department of commerce has initiated 187 new antidumping and countervailing duty investigations – a 240 per cent increase from the comparable period in the previous administration,” the department said in a statement.
As a next step, the US International Trade Commission (ITC) is currently scheduled to make its final injury determinations on or about December 30, 2019. If the ITC makes affirmative final injury determinations, the department of commerce will issue AD and CVD orders. If the ITC makes negative final determinations of injury, the investigations will be terminated, and no orders will be issued.
The US department of commerce currently maintains 498 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.
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