Business Club, September 23, September 20, US International Trade Court (CIT) issued an announcement requesting remand to re-examine the earlier International Trade Commission (ITC) to terminate the anti-dumping of standard steel fasteners imported from China and Taiwan. case. The case began in 2009 and was initiated by Newcomer Fasteners of the United States, claiming that mainland China and Taiwan dumped fastener products and caused material damage to US manufacturers.
"It is very rare that the initial trial of ITC is sent back for retrial, and this remand retrial shows that the ruling made earlier has a very big flaw." said Alan Price, a lawyer at Newcoal Fasteners, Wiley Rein LLP, Washington, USA. "Undoubtedly, because of the dumping of imported products from mainland China and Taiwan, the US fastener company and its workers' rights and interests are suffering damage."
The U.S. International Trade Court resubmitted the case to the US International Trade Commission and called for a new ruling. The US International Trade Commission plans to announce the results of the review on December 7, 2011.
On September 23, 2009, Nucor Fasteners USA filed an application with the U.S. Department of Commerce and the U.S. International Trade Commission requesting 145% and 74% dumping of fastener products imported from China and Taiwan respectively. tax. It is said that at present, Newco is one of the standard fastener manufacturers in the United States that has survived. Most of the remaining manufacturers have been forced to drastically reduce production, resulting in a decline in operating income and profits, and employees are facing layoffs. , pay cuts and other difficulties.
"If we want to find work in the United States, we need to produce fasteners and other products here," Price said. "If products are not sold at dumped or subsidized prices, we can get employment in the United States."
"It is very rare that the initial trial of ITC is sent back for retrial, and this remand retrial shows that the ruling made earlier has a very big flaw." said Alan Price, a lawyer at Newcoal Fasteners, Wiley Rein LLP, Washington, USA. "Undoubtedly, because of the dumping of imported products from mainland China and Taiwan, the US fastener company and its workers' rights and interests are suffering damage."
The U.S. International Trade Court resubmitted the case to the US International Trade Commission and called for a new ruling. The US International Trade Commission plans to announce the results of the review on December 7, 2011.
On September 23, 2009, Nucor Fasteners USA filed an application with the U.S. Department of Commerce and the U.S. International Trade Commission requesting 145% and 74% dumping of fastener products imported from China and Taiwan respectively. tax. It is said that at present, Newco is one of the standard fastener manufacturers in the United States that has survived. Most of the remaining manufacturers have been forced to drastically reduce production, resulting in a decline in operating income and profits, and employees are facing layoffs. , pay cuts and other difficulties.
"If we want to find work in the United States, we need to produce fasteners and other products here," Price said. "If products are not sold at dumped or subsidized prices, we can get employment in the United States."
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