trending Market Intelligence /marketintelligence/en/news-insights/trending/uUrwTLPPBcrwxkzXOPIrRw2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

US launches antidumping probe into Chinese vertical metal file cabinets


Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9


Banking Essentials Newsletter: April Edition - Part 2


The Evolution of Cloud Banking: Successful Implementation & Frameworks


Banking Essentials Newsletter - April Edition

US launches antidumping probe into Chinese vertical metal file cabinets

The U.S. Department of Commerce launched new antidumping and countervailing duty investigations into Chinese vertical metal file cabinets to determine if the products are being dumped into the country and if Chinese producers were receiving unfair subsidies.

The alleged dumping margins range from 121.75% to 198.50%, while the alleged subsidy programs include those for preferential lending and export subsidies, among others. The department launched the probes following a petition filed by Iowa-based Hirsh Industries LLC.

The department will release preliminary determinations from its countervailing duty probe by July 24, while initial conclusions from the antidumping probe will be released by Oct. 7.

The International Trade Commission will also look into whether such Chinese imports are negatively affecting the U.S. industry and its workforce, with preliminary determinations due to be released by June 14.

The value of vertical metal file cabinets imported from China reached approximately $45.2 million in 2018, the Commerce Department noted.

The U.S. and China are locked in an ongoing trade dispute, imposing tariffs on billions of dollars of each other's goods. Washington claims that Beijing's Made in China 2025 strategic plan unfairly provides subsidies to Chinese manufacturers and jeopardizes U.S. counterparts.