On October 28th, the United States made an anti-dumping preliminary ruling. Most export enterprises will be paid a guarantee of 59.31% of anti-dumping duties. It is expected that Foshan’s aluminum extrusion materials exported to the United States will continue to shrink under the weight of high tax rates and will be forced. Give up the US market.
"The whole army is annihilated" prophecy has come true
The US “double-reverse†investigation of Al-Aluminum extruded materials announced the preliminary ruling results on August 31 and October 28, in which the countervailing ruling only determined that the subsidy rates of the two responding enterprises were 6.18% and 10.37%. Enterprises are as high as 137.65%. For anti-dumping preliminary rulings, most exporting companies will be subject to a margin of 59.31% anti-dumping duties.
After the preliminary results of the “double-reverse†investigation were released, the industry predicted that the US market for Fo aluminum companies might be wiped out.
Unexpectedly, the predictions of the industry after 60 days finally came true. According to the "Newsletter" data, only the anti-subsidy preliminary ruling results were announced. In September, the aluminum extrusion materials involved in the US export were rapidly reduced from 3,117 tons in August to 1,203 tons, a drop of 61.4%. In October, exports to the United States were re-exported. It fell to 1,150 tons, down 4.4%. In just two months, the scale of aluminum extrusion materials involved in the export of Foshan to the United States has dropped by nearly two-thirds.
Currently, export data for November remains to be counted. However, the relevant person in charge of Foshan Foreign Trade and Economic Cooperation Bureau said that according to the anti-dumping duty of 59.31%, it is expected that Foshan's aluminum extrusion materials exported to the United States will continue to shrink under the weight of high tax rate and be forced to abandon the US market.
The changes in the US market after the initial ruling were very similar to the Canadian experience of more than a year ago. In February 2009, after the Canadian “double-reverse†case was decided, from January to September 2009, Foshan’s cumulative export of aluminum profiles to Canada was less than 400 tons, which fell by 92.5%, which is only equivalent to the export volume of the previous month.
Buddhist enterprises need to pay attention to the "hostile" of US trade
In fact, the Foshan aluminum enterprise should not be active in responding to the US “double-reverse†investigation. On April 21, the US Department of Commerce issued an announcement to initiate anti-dumping and countervailing investigations on Chinese aluminum extrusion products. Foshan has Xingfa Aluminum, Guangya Aluminum, Jianmei Aluminum, Weiye Aluminum and Feng Aluminum. Aluminum companies such as Aluminium and Aussie Aluminum actively responded to the lawsuit.
In the preliminary anti-subsidy ruling, Guangya Group was ruled by a separate tax rate of 6.18%, which was once encouraged by the industry. However, the anti-dumping preliminary ruling of the United States adopted the "one net exhaustion" strategy, and all enterprises were ruled that the dumping margin was 59.31%. It is meaningless for Guangya to avoid countervailing punishment.
The Foshan Foreign Trade and Economic Cooperation Bureau pointed out that at present, the United States faces a high unemployment rate and the economy is in a state of “no employment growthâ€. The recovery is slow and the foundation is not stable. In order to reverse this situation, the United States implemented the "export multiplication plan" on the one hand, and asked other countries to open up the market. On the other hand, measures were taken to restrict imports, resulting in an increase in the use of trade remedy measures and a further increase in the risk of trade protectionism.
The data show that from January to September this year, the United States launched four trade remedy investigation cases against China; from January to August, the US 337 investigations in China increased significantly, and 17 of the 37 cases were against China, accounting for 45.9%, ranking first. In addition, in the relevant investigations, the United States also used a large number of product safety measures such as “recallâ€, “early warning†and “detentionâ€.
Foshan Foreign Trade and Economic Cooperation Bureau reminded that Foshan's export enterprises to the United States should pay close attention to this issue, and take precautionary strategies to prevent problems before they occur. Through the diversification strategy of export markets and independent innovation, the risks brought by the US market to export products will be reduced.
"The whole army is annihilated" prophecy has come true
The US “double-reverse†investigation of Al-Aluminum extruded materials announced the preliminary ruling results on August 31 and October 28, in which the countervailing ruling only determined that the subsidy rates of the two responding enterprises were 6.18% and 10.37%. Enterprises are as high as 137.65%. For anti-dumping preliminary rulings, most exporting companies will be subject to a margin of 59.31% anti-dumping duties.
After the preliminary results of the “double-reverse†investigation were released, the industry predicted that the US market for Fo aluminum companies might be wiped out.
Unexpectedly, the predictions of the industry after 60 days finally came true. According to the "Newsletter" data, only the anti-subsidy preliminary ruling results were announced. In September, the aluminum extrusion materials involved in the US export were rapidly reduced from 3,117 tons in August to 1,203 tons, a drop of 61.4%. In October, exports to the United States were re-exported. It fell to 1,150 tons, down 4.4%. In just two months, the scale of aluminum extrusion materials involved in the export of Foshan to the United States has dropped by nearly two-thirds.
Currently, export data for November remains to be counted. However, the relevant person in charge of Foshan Foreign Trade and Economic Cooperation Bureau said that according to the anti-dumping duty of 59.31%, it is expected that Foshan's aluminum extrusion materials exported to the United States will continue to shrink under the weight of high tax rate and be forced to abandon the US market.
The changes in the US market after the initial ruling were very similar to the Canadian experience of more than a year ago. In February 2009, after the Canadian “double-reverse†case was decided, from January to September 2009, Foshan’s cumulative export of aluminum profiles to Canada was less than 400 tons, which fell by 92.5%, which is only equivalent to the export volume of the previous month.
Buddhist enterprises need to pay attention to the "hostile" of US trade
In fact, the Foshan aluminum enterprise should not be active in responding to the US “double-reverse†investigation. On April 21, the US Department of Commerce issued an announcement to initiate anti-dumping and countervailing investigations on Chinese aluminum extrusion products. Foshan has Xingfa Aluminum, Guangya Aluminum, Jianmei Aluminum, Weiye Aluminum and Feng Aluminum. Aluminum companies such as Aluminium and Aussie Aluminum actively responded to the lawsuit.
In the preliminary anti-subsidy ruling, Guangya Group was ruled by a separate tax rate of 6.18%, which was once encouraged by the industry. However, the anti-dumping preliminary ruling of the United States adopted the "one net exhaustion" strategy, and all enterprises were ruled that the dumping margin was 59.31%. It is meaningless for Guangya to avoid countervailing punishment.
The Foshan Foreign Trade and Economic Cooperation Bureau pointed out that at present, the United States faces a high unemployment rate and the economy is in a state of “no employment growthâ€. The recovery is slow and the foundation is not stable. In order to reverse this situation, the United States implemented the "export multiplication plan" on the one hand, and asked other countries to open up the market. On the other hand, measures were taken to restrict imports, resulting in an increase in the use of trade remedy measures and a further increase in the risk of trade protectionism.
The data show that from January to September this year, the United States launched four trade remedy investigation cases against China; from January to August, the US 337 investigations in China increased significantly, and 17 of the 37 cases were against China, accounting for 45.9%, ranking first. In addition, in the relevant investigations, the United States also used a large number of product safety measures such as “recallâ€, “early warning†and “detentionâ€.
Foshan Foreign Trade and Economic Cooperation Bureau reminded that Foshan's export enterprises to the United States should pay close attention to this issue, and take precautionary strategies to prevent problems before they occur. Through the diversification strategy of export markets and independent innovation, the risks brought by the US market to export products will be reduced.
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