Chinese Sinks Were Subsidized, Commerce Says

Law360, New York (July 31, 2012, 5:02 PM EDT) -- The U.S. Department of Commerce said Tuesday it believed China's government was providing subsidies that allowed its manufacturers to sell drawn stainless steel sinks at below-market prices in the U.S. at the expense of American companies.

Chinese sink exporters received countervailable financial aid ranging between of 2.12 percent to 13.94 percent, the department said in a preliminary report of its findings. The report follows the U.S. International Trade Commission's similar announcement in April, which said the underpriced sinks from China had hurt American manufacturers.

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