US finds aluminium sheet imports from China subsidised

Washington: The US Commerce Department said on Tuesday it has made a preliminary determination that common alloy aluminium sheet imports from China are being subsidised, and set countervailing duties of up to 113 per cent.
Imports of common alloy aluminium sheet from China were valued at an estimated $600 million in 2016, the department said in a statement.
A final determination in the countervailing duty investigation is scheduled to be announced on Aug. 30, it said.
The Aluminum Association, a US trade group, welcomed the decision. "This is an important first step to begin restoring a level playing field for US aluminium sheet production," the group's president, Heidi Brock, said in a statement.
The department's preliminary finding comes as President Donald Trump has threatened to slap tariffs on some $150 billion of Chinese goods to try to force changes in China's industrial policies.
The Commerce Department launched the investigation of imports of Chinese aluminium alloy sheet in November, the first US-initiated anti-subsidy and anti-dumping probes in decades.
Washington's seldom-used tactic is aimed at accelerating the imposition of duties against what are determined to be unfairly subsidised and dumped products. US companies and industries claiming injury from imports would normally first ask the Commerce Department to open such probes, but government-initiated cases skip that step.
The department said it calculated a preliminary subsidy rate of 31.20 per cent for Yong Jie New Material; a rate of 34.99 per cent for Henan Mingtai Industrial and Zhengzhou Mingtai Industry; and a rate of 113.30 per cent for Chalco Ruimin and Chalco-SWA Cold Rolling.
The preliminary subsidy rate for all-other Chinese producers and exporters is 33.10 per cent, the department said.