The United States will impose a maximum of 229% countervailing duty on inland cabinets
Following the announcement by the US Treasury Department that the mainland is a currency manipulator on the 5th, it made another move on the 6th. The U.S. Department of Commerce announced that it would impose a maximum of 229% countervailing duty on imported cabinets from mainland China worth $4.4 billion.
In March, the American Cabinet Alliance filed a petition accusing the Chinese industry of dumping more than 200% of imported cabinets, causing losses of at least $2 billion. The U.S. Department of Commerce made a preliminary ruling, indicating that it would instruct the Customs and Border Service to collect cash deposits on the imported wooden cabinets and toiletries from the mainland based on the subsidy rate (up to 229%).
The Commerce Department will make a final ruling in December, and the U.S. International Trade Commission will announce the final ruling by January 30 next year. The U.S. Cabinet Alliance said it hoped the ruling would give the industry hope to fight against unfair trade practices on the land.