U.S. Department of Commerce (DOC) initiated of a new antidumping duty (AD) investigation of imports of carton-closing staples from China on April 21, 2017. According to the announcement, the petitioner, North American Steel & Wire, Inc./ISM Enterprises, filed a petition seeking relief from the effects of dumped merchandise on the U.S. industry on March 31, 2017.
Wilbur Ross, the U.S. Secretary of Commerce, commented:
“The Department will act swiftly, while assuring a full and fair assessment of the facts, to ensure that everyone trades on a level playing field. The Trump administration is committed to the enforcement of America’s vital trade laws that ensure U.S. businesses and workers have a fair chance to compete.”
In 2016, imports of carton-closing staples from China were valued at an estimated USD 73.2 million. More than 30 Chinese producers of carton-closing staples are identified in the petition. The estimated dumping margins range from 13.76% to 263.43%.