Aluminium sheet imports from China are being subsidised, US finds
Washington sets countervailing duties of up to 113 per cent
The US Commerce Department said on Tuesday it has made a preliminary determination that common alloy aluminium sheet imports from China are being subsidised, and set countervailing duties of up to 113 per cent.
Imports of common alloy aluminium sheet from China were valued at an estimated US$600 million in 2016, the department said in a statement.
A final determination in the countervailing duty investigation is scheduled to be announced on August 30, it said.
The Aluminum Association, a US trade group, welcomed the decision. “This is an important first step to begin restoring a level playing field for US aluminium sheet production,” the group’s president, Heidi Brock, said in a statement.
The department’s preliminary finding comes as US President Donald Trump has threatened to slap tariffs on some US$150 billion of Chinese goods to try to force changes in China’s industrial policies.