US decides to retain tax on imported mattress innersprings
The US has decided to continue imposing an anti-dumping duty on
mattress innerspring units imported from China, South Africa and
Vietnam.
The US has decided to continue imposing an anti-dumping duty on
mattress innerspring units imported from China, South Africa and
Vietnam.
The US International Trade Commission (USITC) on March 25 determined that the revocation of the existing tariff on uncovered innersprings imported from the three countries would likely cause remarkable economic losses for US-based companies.
According to common regulations, the anti-dumping duty order will be revoked after five years unless the US Department of Commerce and USITC vote against it.
The country imposed the tax for mattress inner springs imported from Vietnam and South Africa for the first time in December 2008 and those from China in February 2009.
The current anti-dumping tax rate on the springs from China, South Africa and Vietnam are 234.51 percent, 121.39 percent and 116.31 percent respectively.-VNA
The US International Trade Commission (USITC) on March 25 determined that the revocation of the existing tariff on uncovered innersprings imported from the three countries would likely cause remarkable economic losses for US-based companies.
According to common regulations, the anti-dumping duty order will be revoked after five years unless the US Department of Commerce and USITC vote against it.
The country imposed the tax for mattress inner springs imported from Vietnam and South Africa for the first time in December 2008 and those from China in February 2009.
The current anti-dumping tax rate on the springs from China, South Africa and Vietnam are 234.51 percent, 121.39 percent and 116.31 percent respectively.-VNA