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China strongly dissatisfies with the U.S. "double-reverse" tax on imports of aluminum foil

  • Author:Dong Xing
  • Release on :2018-03-02
Ministry of Commerce said in a statement that China will take the necessary measures to safeguard its legitimate rights and interests regarding the erroneous practice of the United States. Prior to this, the United States Department of Commerce finally imposed on the import of aluminum foil(Aluminum foil manufacturer china) in China "double reverse" tax at the highest or over 180%.

Washington, the United States on February 27, the United States Department of Commerce issued a final determination of China's aluminum foil products anti-dumping and countervailing investigations. Wang Hejun, director of Bureau of Trade and Economic Remedies of the Ministry of Commerce, made a statement on this issue.
Wang Hejun pointed out: From the investigation process and results, the United States still disregards the WTO rules and seriously undermines the interests of China's Aluminum battery foil manufacturer. China expresses its strong dissatisfaction with that. In the anti-dumping investigation of this case, the U.S. Department of Commerce continued to recognize China as a "non-market economy country" on the basis of its domestic laws and applied the "alternative country" approach to setting an abnormally high anti-dumping tax rate of 48.64% -106.09%. In the anti-subsidy investigation process, the U.S. Department of Commerce artificially identified Chinese suppliers of raw materials and financial institutions as "public bodies," and mistakenly ruled out a high anti-subsidy rate of 17.16% -80.97% without any evidence.

Wang Hejun stressed that the United States aluminum business as early as 20 years ago took the initiative to withdraw from the lower value-added aluminum foil production, production of aluminum products to higher profits, so the United States reduced production of aluminum foil and market share of the commercial choices of US companies , Not caused by imported Aluminum foil for household. The unreasonable use of trade remedies by the U.S. side not only failed to bring about the "revival" of the U.S. aluminum foil industry, but instead affected employment in the United States and undermined the welfare of the vast number of U.S. consumers. As for the erroneous practice of the United States, China will take necessary measures to safeguard its own legitimate rights and interests.