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latest news! U.S. may reduce or exempt tariffs on Chinese cabinets and bathroom cabinets
The US government stated on April 6 that the Department of Commerce is currently undergoing an annual review, and the issues under review mainly focus on the import tariffs faced by China's wooden cabinets and bathroom cabinets. Against the background of the Sino-US trade conflict and the high anti-dumping and countervailing duties imposed on wooden cabinets and bathroom cabinets made in China, this conference has become the focus of attention.
-01-Overturn Trump policy
U.S. Department of Commerce re-examines tariff
The U.S. Department of Commerce stated that before the end of this month, Chinese manufacturers can submit corresponding information as a company. If the submitted information can prove that the company’s wooden cabinets and bathroom cabinets exported to the United States do not have dumping or subsidies. The tariffs that the manufacturer originally faced can be reduced, exempted or revoked. Documents from the U.S. Department of Commerce show that this review has retrospective effect. If Chinese manufacturers pass this review, the Department of Commerce will adjust the tariffs of these manufacturers based on actual conditions: the retrospective period is October 9, 2019. Until March 21, 2021.
According to the previous assumptions of Trump and local manufacturers, the additional tariffs will be able to deter U.S. importers and retailers from importing related products from China. However, from a realistic point of view, U.S. importers and retailers and China Manufacturers are deeply tied together. Under the pressure of tariffs, the additional costs faced by Chinese-made wooden cabinets and bathroom cabinets are largely shared by consumers, Chinese manufacturers, US importers and retailers digestion. Chinese-made wooden cabinets and bathroom cabinets are still the most important players in the US market under the high pressure of additional tariffs, and the Biden administration has decided to make changes!
-02- The highest is 262.18%!
In March last year, the United States finalized the "double reverse" tax rate for China cabinets
At present, the highest anti-dumping duty faced by Chinese manufacturers on wooden cabinets and bathroom cabinets is 262.2%, and the highest countervailing duty is 293.5%.
This tax rate was determined by the U.S. International Trade Commission (ITC) under Trump on March 24 last year.
The agency believes that wooden cabinets and bathroom cabinets imported from China have been dumped and subsidized, and sold at unreasonable prices below the market, causing substantial damage to US manufacturers. After voting by the ITC, the US Department of Commerce imposed anti-dumping duties and countervailing duties on wooden cabinets and bathroom cabinets and other related products imported from China.
The result of the final anti-dumping tax rate:
The final anti-subsidy tax rate results:
-03-Event review
·On March 6, 2019, the American Kitchen Cabinet Alliance filed a complaint requesting the Federal Department of Commerce and the U.S. International Trade Commission to conduct a double-reverse investigation on the above-mentioned imported products from China, on the grounds that the Chinese product manufacturer obtained the government’s approval. Illegal subsidies and dumping in the U.S. market at unfair prices have caused losses between 2 billion and 4 billion U.S. dollars in similar manufacturing industries in the United States.
·On March 27, 2019, the U.S. Department of Commerce announced that it has initiated anti-dumping and anti-subsidy investigations against Chinese imports of wooden cabinets and bathroom cabinets to determine whether the above-mentioned products are dumped in the U.S. market.
· On August 6, 2019, the U.S. Department of Commerce initially ruled and announced that it would impose countervailing duties on imports of US$4.4 billion (approximately 31 billion yuan) of Chinese cabinets, with a tax rate of up to 229.24%. The U.S. Customs and Border Protection is required to collect cash deposits from Chinese importers of wooden cabinets and dressing tables based on a determined subsidy rate.
· In early October 2019, the US Department of Commerce announced the preliminary ruling results of the anti-dumping investigation against China's cabinets and bathroom cabinet products. ,
The American Cabinet Alliance claimed that from January 2016 to January 2018, the U.S. imports of wooden cabinets and bathroom cabinets from China increased by 19.9%, and the value of cabinets and bathroom cabinets imported from China accounted for 50% of the total import value. %, the low-price sales of Chinese cabinets caused the US cabinet industry to lose US$116 million between 2016 and 2018.
This is one of the largest trade cases brought by the United States against China in history.
