U.S. sets preliminary subsidy rates on aluminum foil from China

Updated 2017-08-09 13:43:30 Xinhua

The U.S. Commerce Department Tuesday set preliminary subsidy rates on imports of aluminum foil from China. China, for its part, has urged U.S. authorities to abide by World Trade Organization (WTO) rules in its investigation of aluminum imports.

The Commerce Department said in a statement that it had set preliminary subsidy rates ranging from 16.56 percent to 80.97 percent for Chinese exporters and producers of aluminum foil.

Punitive duties would be imposed after both the Commerce Department and the U.S. International Trade Commission (USITC) make affirmative final rulings. The Commerce Department is scheduled to make its final determination around Oct. 23, unless the statutory deadline is extended.

The department launched anti-dumping and anti-subsidy investigations into imports of aluminum foil from China in March, in response to a request from the U.S. Aluminum Association Trade Enforcement Working Group.

The Chinese Ministry of Commerce has urged the U.S. authorities to enact decisions of the WTO and appellate bodies and give Chinese exporters fair counter-argument rights.

Improper trade remedy measures will hurt the interests of Chinese aluminum foil exporters and dent the competitiveness of U.S. downstream sectors, affecting employment and consumer interests and leading to a lose-lose situation, the Chinese Ministry of Commerce said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58January 17 2018 09:02:54

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16January 17 2018 09:02:54

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18January 17 2018 09:02:54

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords