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US tariff on magnesium to remain
By Wang Yanlin |
February 12, 2011, Saturday
|
Print Edition
Print Edition
THE United States has decided to continue its existing anti-dumping duty over magnesium from China, but would revoke the same order on imports of this product from Russia, the US International Trade Commission said.
In a statement issued on Thursday, the ITC said revoking the existing antidumping duty order on magnesium from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. However, it would not likely to have similar impacts in Russia's case.
The ITC's decision means the existing tariff on imports of this product from China will remain in place.
The US slapped the tariff between 49.66 percent and 141.49 percent on Chinese magnesium exports in April 2005. Under the Uruguay Round Agreement Act, there is a five-year review process and tariffs may be revoked unless the country deems doing so would continue to hurt the industry.
In July, the US Department of Commerce decided to resume this duty.
China suffered 64 cases of trade disputes in 2010 involving export value of about US$7 billion.
In a statement issued on Thursday, the ITC said revoking the existing antidumping duty order on magnesium from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. However, it would not likely to have similar impacts in Russia's case.
The ITC's decision means the existing tariff on imports of this product from China will remain in place.
The US slapped the tariff between 49.66 percent and 141.49 percent on Chinese magnesium exports in April 2005. Under the Uruguay Round Agreement Act, there is a five-year review process and tariffs may be revoked unless the country deems doing so would continue to hurt the industry.
In July, the US Department of Commerce decided to resume this duty.
China suffered 64 cases of trade disputes in 2010 involving export value of about US$7 billion.
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