In the new ruling, the government determined that imports from the three countries of glossy paper - used in art books, textbooks and high-end magazines - were being sold in the United States at less than fair value, a process known as dumping.The dumping penalties will be collected immediately although they will not become final until this fall after further investigations are conducted.
The preliminary dumping penalty for the paper products from China ranged from 23.19 percent to 99.65 percent. The dumping penalty imposed on imports of glossy paper from Indonesia was 10.85 percent while the penalty on
South Korean imports ranged as high as 30.86 percent.These dumping penalties will be imposed on top of economic sanctions levied in March after the administration found that paper companies from those three countries were receiving improper government subsidies that allowed them to undercut the price of American producers.
US Increases Duties on China
The US Department of Commerce is upping duties applied to coated paper from China, along with that from Indonesia and South Korea. Previously, duties applied to this product category for goods coming from China ranged from 10.9% to 20.35%. Now, a second set of duties ranging from 23.19% to 99.65% will be applied. (NOTE: There has been some confusion on this matter, but it appears that these new duties will be additional to those which have already been applied.) This action indicates that trade tensions are still rising between the US and China. So much for that "Strategic Economic Dialogue" foolishness. From the Associated Press:
