U.S. Commerce sets anti-dumping duties on aluminum sheet from 18 countries
Reuters
Published Mar 02, 2021 06:13PM ET
Updated Mar 02, 2021 09:10PM ET
WASHINGTON (Reuters) - The U.S. Commerce Department on Tuesday issued final anti-dumping duties on common alloy aluminum sheet from 18 countries investigated, including up to 242.8% on imports from Germany and 4.83% on imports from Bahrain.
The duties were announced just hours after Rhode Island Governor Gina Raimondo won confirmation as the new U.S. Commerce Secretary in an 84-15 U.S. Senate vote.
The anti-dumping case and a companion anti-subsidy countervailing duty case were initiated under the Trump administration in March 2020. Common alloy aluminum sheet is a flat-rolled product used in building facades and truck trailer bodies to street signs.
Germany had the highest anti-dumping rate, ranging from 49.4% to 242.8%, and the largest exports of aluminum sheet to the United States, with $286.6 million worth in 2019.
Bahrain, second with $241.2 million worth of aluminum sheet exported to the United States, received a 4.83% anti-dumping duty rate and an anti-subsidy rate of up to 6.44%.
Commerce's International Trade Administration issued a fact sheet https://www.trade.gov/faq/final-determinations-antidumping-and-countervailing-duty-investigations-common-alloy-aluminum showing anti-dumping and anti-subsidy rates for other countries, including Brazil, Croatia, Egypt, Greece, India, Indonesia, Italy, Oman, Romania, Serbia, Slovenia, South Africa, South Korea, Spain, Taiwan and Turkey.
The duties will come on top of 10% U.S. tariffs imposed on most aluminum imports by the Trump administration under a national security law.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.