US slaps du­ties on cheap ma­chine parts

The Myanmar Times - - International Business -

THE US Com­merce Depart­ment is im­pos­ing steep tar­iffs on cer­tain Chi­nese and Cana­dian me­chan­i­cal parts dumped on the US mar­ket at be­low cost. The depart­ment said iron trans­fer drive com­po­nents – ma­chin­ery parts like pul­leys, sheaves and fly­wheels – from Cana­dian and Chi­nese com­pa­nies were sold on the US mar­ket at a frac­tion of the real price.

One Cana­dian com­pany, Bal­dor Elec­tric, failed to an­swer Com­merce Depart­ment re­quests for in­for­ma­tion and in­ves­ti­ga­tors as­sessed dump­ing mar­gins of 191.7 per­cent on the com­pany’s prod­ucts. For other Cana­dian pro­duc­ers, a blan­ket tar­iff of 100.5pc was as­sessed. For Chi­nese im­ports, dump­ing mar­gins of 13.6-401.7pc were as­sessed on all sup­pli­ers.

The Com­merce Depart­ment also said that cer­tain prod­ucts had ben­e­fit­ted from un­fair sub­si­dies, and as­signed a coun­ter­vail­ing tar­iffs of 33.3-163.5pc.

In 2014, im­ports of the me­chan­i­cal parts in the case from Canada and China had been val­ued at US$222.3 mil­lion and $274.3 mil­lion, re­spec­tively. –

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