According to ITC's announcement last week, the six members of ITC voted against 4 votes and 2 votes in favor of the US Department of Commerce's final ruling on the dumping of diamond saw blades from China and South Korea last month. According to this, the products of China and South Korea can be exported to the United States as usual, without paying anti-dumping duties.
According to the final ruling of the US Department of Commerce last month, our three sample companies received separate tax rates ranging from 2.5% to 48.5%, and the other 20 responding companies received an average tax rate of 20.72%, while the remaining unreported Chinese companies Was enacted with a punitive tariff of 164.09%. Compared with the preliminary tax rate given in December last year, the US Department of Commerce is stricter on Chinese products in the final ruling.
A person from the Electromechanical Chamber of Commerce told the Shanghai Oriental Morning Post that after the ITC overturned the final decision of the US Department of Commerce, all Chinese companies did not need to pay the above anti-dumping duties to the US. In addition, the US will return the previously received margin (that is, the tax rate given by the US Department of Commerce) to the US importer who is the agent of Chinese products.
"It is rare to win the ITC final ruling in the US anti-dumping case against China in recent years." The person pointed out that the reason why the Chinese product can be protected from anti-dumping "big stick" is because we are at ITC. The investigation provided sufficient evidence to show that the US peers had certain profits and were not harmed by Chinese products. "It cannot be denied that the South Korean side who was prosecuted together with us has also done a lot of work in responding to the case."
According to the reporter's understanding, about 30 Chinese companies participated in the case, and the Shijiazhuang Boshen tool sampled by the US was the largest exporter. According to US statistics, China’s amount involved in this case (ie, China’s diamond circular saw exports to the United States in 2004) was $26 million, and Boshen accounted for nearly one-third.
"We got the news in the first time last week." The relevant personnel of Boshen Tools are fortunate to be spared in this anti-dumping case. Boshen is a private enterprise with a scale of more than 1,000 people. Its diamond circular saw blades are half-domestic and half-exported. The US market accounts for 60% of exports. The company exports more than 8 million US dollars to the US every year. The person told reporters that the US Department of Commerce gave the company a 15% tax rate at the beginning of the ruling, but the tax rate at the final ruling was as high as 34%. "15% of the tax rate we can afford, but 34% of us can not export to the United States, but fortunately the ITC decision dumping is not established." He revealed that the company's importers in the United States, in the past three months have paid to the US Customs The deposit of 300,000 to 400,000 US dollars, "The importer will receive this refund soon."
According to US statistics, last year, the United States consumed 230 million US dollars of diamond saw blades, of which 90 million US dollars were imported products, of which Chinese products were about 40 million US dollars.
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