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U.S. Diamond Sawblades Industry Applauds ITC Decision in Antidumping Investigation
U.S. Diamond Sawblades Industry Applauds ITC Decision in Antidumping Investigation
WASHINGTON, May 16 /PRNewswire-USNewswire/ -- The Diamond Sawblades Manufacturers' Coalition, an ad hoc trade association of U.S. producers of diamond sawblades, praised Wednesday's U.S. International Trade Commission (ITC) determination that imports of diamond sawblades from Korea and the People'sRepublic of China threaten material injury to U.S. sawblades producers. The U.S. Department of Commerce has determined that imports from both countries are sold at "dumped" prices in the U.S. market.
Daniel B. Pickard, a partner in Wiley Rein's International Trade Group and Counsel to the Coalition, stated, "We are very pleased by the ITC's decision which will provide this important domestic industry and its workers with relief from unfairly traded imports. The Commission determined that these trade practices threaten material injury to the American manufacturers."
The Department of Commerce completed its investigations and calculated final antidumping duty margins for these products. The final dumping margins range as high as 164.9 percent forChina and 26.55 percent for Korea.
The ITC's decision was made pursuant to a remand order from the Court of International Trade. Parties to the litigation will have an opportunity to comment to the Court on the ITC's determination. If the Court approves the ITC's remand determination, the Department of Commerce will issue an antidumping duty order covering the affected products.
Celebrating our 25th Anniversary, Wiley Rein LLP counsels leaders in numerous industries nationwide and around the world. Recognized for excellence, integrity and efficiency, we have over 275 attorneys practicing in more than two dozen specialties of law. To find out more about our capabilities, please visit the firm's website at www.wileyrein.com.
SOURCE Wiley Rein LLP
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