Econ
US launches anti-dumping investigation into wind tower imported from Vietnam
The alleged dumping margins for Vietnam would be 39.97% to 65.96% if any clues are found.
The United States International Trade Commission has begun the preliminary phase of antidumping and countervailing duty investigations into imports of utility scale wind towers from Vietnam and three other countries for being allegedly subsidized.
Launched earlier this week, the investigations target wind towers imported from Vietnam, Canada, Indonesia, and South Korea that are allegedly sold in the US at less than fair value from their own countries.
The investigations are in response to a petition filed on July 9, 2019, by the Wind Tower Trade Coalition (Arcosa Wind Towers, Inc. (Dallas, TX) and Broadwind Towers, Inc. (Manitowoc, WI)).
The commission is expected to reach a preliminary determination in antidumping and countervailing duty investigations in 45 days, or in this case by August 23, 2019, according to Omnitrans.
The US Department of Commerce would then, if applicable, determine the amounts by which the goods are dumped and/or subsidized.
The alleged dumping margins are 39.97% to 65.96% for Vietnam, and there are reportedly 24 subsidy programs for the country.
The department will impose duties if the investigations back up the claims and if the US International Trade Commission determines that dumped or unfairly subsidized imports are causing injury to the US industry, according to the Saigontimes.
Foreign companies that price their products in the US market below production cost or below prices in their home markets are subject to antidumping duties.
Imports of wind towers from Canada, Indonesia, South Korea, and Vietnam last year were valued at an estimated US$60.2 million, US$37.4 million, US$50 million, and US$21.4 million, respectively, according to the department.
The United States International Trade Commission
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The investigations are in response to a petition filed on July 9, 2019, by the Wind Tower Trade Coalition (Arcosa Wind Towers, Inc. (Dallas, TX) and Broadwind Towers, Inc. (Manitowoc, WI)).
The commission is expected to reach a preliminary determination in antidumping and countervailing duty investigations in 45 days, or in this case by August 23, 2019, according to Omnitrans.
The alleged dumping margins are 39.97% to 65.96% for Vietnam, and there are reportedly 24 subsidy programs for the country.
The department will impose duties if the investigations back up the claims and if the US International Trade Commission determines that dumped or unfairly subsidized imports are causing injury to the US industry, according to the Saigontimes.
Foreign companies that price their products in the US market below production cost or below prices in their home markets are subject to antidumping duties.
Imports of wind towers from Canada, Indonesia, South Korea, and Vietnam last year were valued at an estimated US$60.2 million, US$37.4 million, US$50 million, and US$21.4 million, respectively, according to the department.
