The U.S. Department of Commerce has completed an expedited review of the antidumping duty on aluminum wire and cable from China. They found that removing the duty would likely result in continued or increased dumping, with dumping margins potentially reaching up to 63.47%. The decision is documented in the Issues and Decision Memorandum, which is publicly accessible online. The review ensures that domestic producers like Encore Wire Corporation and Southwire Company, LLC are not adversely affected by unfairly low-priced imports.
Simple Explanation
The U.S. government checked if removing special taxes on aluminum wires from China would lead to unfair pricing by Chinese companies, and they decided that keeping the taxes is important to protect local wire makers.