China Tool Chests Hit with CVD Duties by Commerce

Imports of tool chests and cabinets from China will likely be subject to countervailing duties once the International Trade Commission makes its final injury determination. The U.S. Commerce Department issued its affirmative final determination on Nov. 22, calculating final subsidy rates ranging from 14.03 percent to 95.96 percent. As a result of this decision, Commerce will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits from importers of tool chests and cabinets from China based on these final rates.

“The unfair government subsidization of products is something the Department takes very seriously,” said U.S. Commerce Secretary Wilbur Ross. “We will continue to take action on behalf of U.S. industry to defend American companies, their workers, and our communities adversely impacted by unfair imports.”