ITC Clears The Way For Steep Duties On Chinese Twist Ties
By Alyssa Aquino (March 24, 2021, 2:00 PM EDT) -- The U.S. International Trade Commission found that Chinese twist ties sold at below fair prices are harming domestic manufacturers, clearing the way for triple-digit duties against the imports.
The ITC's final 3-2 vote comes a month after the U.S. Department of Commerce determined that Chinese twist ties are being illegally subsidized and sold in the U.S. at unfair prices. To rectify the injury, Commerce readied 62.42% anti-dumping duties and 111.96% countervailing tariffs against Chinese manufacturers.
"As a result of the commission's affirmative determinations, Commerce will issue anti-dumping and countervailing duty orders on imports of this product from China," the ITC said...
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