US continues to levy anti-dumping duties on Vietnamese steel coat hangers
VOV.VN - Vietnamese steel coat hangers continue to be subject to anti-dumping duties of 220.68% imposed by the United States, according to the Trade Remedies Authority of Vietnam.
The US Department of Commerce (DOC) recently published the final conclusion of the second sunset review of the anti-dumping tax order on steel coat hangers imported from Vietnam.
The conclusion outlines that as no Vietnamese businesses participated in this review, the DOC has therefore decided to continue imposing anti-dumping tax on steel coat hangers imported from Vietnam with a tax rate of 220.68%, except for three companies that are entitled to a separate tax rate of 157%.
This tax rate has therefore not changed compared to the current tax rate that was applied from February 2013.
New Vietnamese exporters are required to contact the DOC before exporting their products in order to calculate their own tax rates, otherwise they will be subject to an anti-dumping tax of 220.68%, along with an anti-subsidy tax of 31.58%.
Simultaneously, local businesses are able to contact the Trade Remedies Authority of Vietnam to receive timely support.
Earlier in July, the DOC also announced that it had continued to levy anti-subsidy tax of 31.58% on Vietnamese steel coat hangers, with the exception of one company that was subject to a separate tax rate of 90.42%.
The DOC decided to initiate an anti-dumping and anti-subsidy investigation on steel coat hangers imported from Vietnam on January 18, 2012.
Steel coat hangers imported from the country have been subject to US anti-dumping taxes of between 157% and 220.68% and anti-subsidy duties of between 1.58% and 90.42% since 2013.
