U.S. ITC finds Chinese exports of subsidized engines harm U.S. industry
The U.S. International Trade Commission on Tuesday said it found that U.S. industry was harmed by imports of large vertical shaft engines from China sold in the United States at less than fair value, locking in antidumping and countervailing duties. The ITC said it voted to uphold a finding by the U.S. Commerce Department that the engines - commonly used in outdoor power equipment - were being subsidized, causing material harm to U.S. manufacturers.
The U.S. International Trade Commission on Tuesday said it found that U.S. industry was harmed by imports of large vertical shaft engines from China sold in the United States at less than fair value, locking in antidumping and countervailing duties.
The ITC said it voted to uphold a finding by the U.S. Commerce Department that the engines - commonly used in outdoor power equipment - were being subsidized, causing material harm to U.S. manufacturers. The decision locks in place for five years Commerce Department final anti-dumping duties of 177.65% to 468.33% on large vertical shaft engines displacing 225-999 cubic centimeters.
In addition, Commerce determined that exporters received countervailable subsidies at rates ranging from 17.75 percent to 19.29 percent. The final Commerce duties https://www.trade.gov/press-release/us-department-commerce-finds-dumping-and-countervailable-subsidization-vertical-shaft were issued on Jan. 5, while former Commerce Secretary Wilbur Ross was still in office.
The anti-dumping and anti-subsidy probe was conducted at the request of U.S. engine makers Briggs and Stratton Corp and Kohler Co. Imports of such engines totaled $45.1 million in 2019, according to Commerce Department data.
Google News