China 53' Containers: AD/CVD Rates Rise in Final Determination
The Commerce Department announced an across-the-board increase in antidumping and countervailing duty rates on 53-foot domestic dry containers from China, in a fact sheet detailing its final determinations (here). The agency calculated AD rates of 107.19% to 111.22%, and CV duty rates of 17.13% to 28%, for Chinese exporters. Changes to AD duty cash deposit requirements will take effect on the day Commerce's final determination is published in the Federal Register. Cash deposits of CV duties are currently not required because of the expiration of the four-month period during which Commerce can require cash deposits without an order in place.
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The next step is the International Trade Commission’s final injury determination, currently scheduled for May 26. If the ITC finds injury, Commerce will make duties permanent by issuing AD and CV duty orders on 53-foot containers from China. Trade industry groups have said the imposition of AD/CV duties on 53-foot containers could cause a container shortage and increase delays and shipping costs (see 1504100018).