The Department of Commerce has concluded that certain producers and exporters of cast iron soil pipe fittings from China received unfair financial benefits from the government, known as “countervailable subsidies,” during a specific period from late 2017 to the end of 2018. As a result, they will impose duties to offset these subsidies on the relevant companies. These determinations were made following a detailed review of information from the involved parties, and duties will be assessed accordingly on the merchandise. The notice also explains procedures for cash deposit instructions and reminds parties of their responsibilities concerning sensitive information.
Simple Explanation
The Department of Commerce decided that some companies in China got special money help from their government when making special pipes. Because of this, the Department will make these companies pay extra charges to balance things out.