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U.S. sets hefty duties on Chinese stainless steel sinks

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Reposted from Reuters

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U.S. sets hefty duties on Chinese stainless steel sinks

Doug Palmer | September 28,2012 | Reuters

(Reuters) – The United States on Friday set preliminary anti-dumping duties ranging from 54.25 percent to 76.53 percent on stainless steel sinks from China, the latest in a series of U.S. actions against imports from the Asian manufacturer.

The decision is a victory for Elkay Manufacturing, a nearly century-old Illinois company that in March accused its Chinese competitors of selling the sinks in the United States at unfairly low prices.

The action came the same day that President Barack Obama blocked a privately owned Chinese company from building wind turbines close to a Navy military site in Oregon due to national security concerns.

It was the U.S. Commerce Department’s second round of duties on the stainless steel sinks. In July, it set preliminary countervailing duties ranging from 2.12 percent to 13.94 percent to offset Chinese government subsidies.

Since taking office in 2009, the Obama administration has imposed about 40 anti-dumping and countervailing duties on Chinese goods. However, the cases are driven by industry petitions, with few left in the current pipeline.

The biggest involves Chinese-made solar panels in an anti-dumping and countervailing duty case brought by SolarWorld America (SWVG.DE) and other U.S. companies.

The Commerce Department faces a final duty decision in that case on Oct 10 and another final decision in a case involving Chinese-made wind turbine towers later this year.

The United States imported $118.0 million of stainless steel sinks from China in 2011, up from $98.1 million in 2010.

Superte Kitchenware Co, Guangdong Dongyuan Kitchenware Industrial Co received preliminary anti-dumping duties of 63.87 percent and 54.25 percent, respectively.

Nineteen Chinese exporters were hit with a 59.06 percent preliminary duty. All other Chinese producers and exporters received a duty of 76.53 percent.

Companies are required to post bonds or cash deposits based on the preliminary rates. That money would be refunded if a separate agency, the U.S. International Trade Commission, decides against the duties in a vote next year.

4 Responses to “U.S. sets hefty duties on Chinese stainless steel sinks”

  1. Bruce Bishop says:

    Elkay Manufacturing has facilities in China according to its website. If they are not already manufacturing products in China, they will be.

    This “cherry picking” of applying high import duties to one or two products might give some people false hope, but in the grand scheme of things it won’t stop the flow of our jobs and our wealth to China.

  2. Francine says:

    Bruce, I couldn’t agree more.

  3. Tom T. says:

    On a brighter note about the trade issue, I heard a radio show about how the manufacturing boom in China was over and that many Chinese went home and found that home wasn’t so bad. Many of them began their own businesses to sell in the Chinese markets. I think that this is a good thing. China should make products for its own markets and grow its economy that way instead of trying to get foreign reserves of dollars with trade in the U.S. markets to play by the government strategically.

    I don’t think anyone on this group wants anything bad for the Chinese people. U.S. manufacturers just don’t want to be used the way they have been where their sales go to over sea suppliers and then China ends up loaning their dollars earned to the politicians. We lose jobs that way and end up selling our productive economy.

    I hope the standard of living keeps going up for the average Chinese and that they develop an economy where it benefits the people, not just some CEO from the communist party or the government. It is nothing but another form of slavery.

    Tom T.

  4. Joe Brooks says:

    “where it benefits the people, not just some CEO from the communist party or the government. It is nothing but another form of slavery.”

    Somewhere over the last 30 years, we have forgotten this point.

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