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Victory for steel pipe makers on subsidies |
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Written by Stumo
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Thursday, 08 November 2007 |
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The steel pipe makers achieved a victory
against a flood of subsidized Chinese imports. The U.S.
Department of Commerce will apply a 16.59% countervailing duty against
the imports, which is the average subsidy found in the case.
Chinese pipe subject to the petition surged from 10,000 tons in
2002 to more than 750,000 tons in 2007, the American tube companies
said. The increase has resulted in 500 lost jobs — about 25 percent of
the industry segment’s total work force, companies said.
The duty, known as countervailing because it’s intended to offset
government subsidies, will require importers to post bonds in the
amount calculated by the commerce department, the tube companies said.
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In the news
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You are invited to the twelfth Coalition for a Prosperous America (CPA) Issues Forum.
TOPIC: Agricultural Trade: How Special a Case?
SPEAKERS: Jim Webster
Writer for Agri-Pulse, Agra Europe, Dairy Markets and
World Poultrymeat
Former Assistant Secretary of Agriculture for Governmental
and Public Affairs
Dr. Daryll Ray
Director and Founder, Agricultural Policy Analysis Center
Blasingame Chair of Excellence in Agricultural Policy,
University of Tennessee
Bill Bullard
Chief Executive Officer, R-CALF USA
Robert B. Cassidy
Director of International Trade and Services,
Kelley Drye &Warren LLP
Former Assistant US Trade representative
for China and for Asia
TIME: Wednesday, January 7, 2009
10:30 until Noon
PLACE: Offices of Wiley Rein LLP
1776 K Street, NW (Main Conference Center)
Washington, DC
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