U.S. Imposes Margin On Sino-Vietnam Toolbox Products

- Apr 09, 2018-

  According to a recent statement by the US Department of Commerce, the dumping margin of Chinese-made toolbox products was 97.11% to 244.29%, and the dumping margin of Vietnamese toolbox products was 327.17%.

  After the final ruling found that the tool kits and tool cabinets imported from China and Vietnam had dumping behavior, the US Department of Commerce will notify the customs to impose a corresponding deposit on the above products imported from China Vietnam.

  According to the schedule, the US International Trade Commission will finalize the above-mentioned products before and after May 18 this year and cause substantial damage to the US related industries.

If both agencies make affirmative final awards, the U.S. Department of Commerce will require the customs to formally impose tariffs on related products.