Washington, DC – US Secretary of Commerce Wilbur Ross announced on Monday (May 1) the affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of a certain kind of nonflammable synthetic resin, polytetrafluoroethylene (PTFE) resin from China and India.
Commenting on the determination by his department that exporters of PTFE resin from India and China received unfair subsidies in the US market and would have to pay cash deposits based on the preliminary rates, Secretary Ross said, “The dumping of goods below market value in the United States is something the Trump Administration takes very seriously.”
Secretary Ross added, “The Department of Commerce will continue to stand up for American workers and business’s in order to ensure that everyone trades on a level playing field.”
Following a preliminary investigation based on a petition from Wilmington in Delaware based Chemours Company, the Commerce Department determined that exporters from China and India have sold PTFE resin in the United States at 69.34 to 208.16 percent and 18.49 percent less than fair value, respectively.
As a result of the latest decision (Fact Sheet here), Commerce Department will instruct US Customs and Border Protection (CBP) to collect cash deposits from importers of imports of PTFE resin from China and India based on these preliminary rates.
In the India investigation, the Commerce Department assigned a preliminary dumping rate of 18.49 percent for Gujarat Fluorochemicals Limited, the sole mandatory respondent in this investigation.
The US Commerce Department is scheduled to announce the final determinations in these investigations on September 18, 2018.
Tejinder Singh, Editor, India America Today & White House Correspondent