US announces trade probes into imported large diameter welded pipe

Source:Xinhua Published: 2018/2/14 8:41:06

The US Commerce Department has launched anti-dumping (AD) and countervailing duty (CVD) investigations against imports of large diameter welded pipe from several countries, the latest trade protectionist move by the Donald Trump administration.

The investigations, targeting products from Canada, China, Greece, India, Korea, and Turkey, were initiated based on petitions filed by several American companies, said Commerce Department on Tuesday in a statement.

"China is concerned about the US side's serious trade protectionist tendency in the field of steel products," said Wang Hejun, head of the trade remedy and investigation bureau under China's Ministry of Commerce, in a statement Tuesday.

Though it is the right of World Trade Organization members to make such investigations, "frequent and excessive protection of the domestic industry cannot serve the original purpose of trade remedy measures but often create a vicious cycle," Wang added.

American companies claimed that Chinese producers were dumping large diameter welded pipe in the US markets with margins ranging from 120.84 to 132.63 percent. They also claimed that Chinese government provided "unfair" subsidies to domestic producers.

In 2016, imports of large diameter welded pipe from China were valued around 139 million US dollars, according to the department.

The US International Trade Commission (ITC), another US trade authority, is scheduled to make its preliminary inquiry determinations before March 5.

The probe in Commerce Department will continue if the ITC determines that there is a reasonable indication that imports of large diameter welded pipe from these countries materially injure or threaten the domestic industry of the US

From Jan. 20, 2017, through Feb. 9, 2018, the Commerce Department has initiated 94 antidumping and countervailing duty investigations - an 81 percent increase from the previous period, according to the department.

Posted in: ECONOMY

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