The U.S. Department of Commerce concluded that two Chinese companies, Xingyi Metalworking Technology Co., Ltd. and Hangzhou Evernew Machinery & Equipment Company Limited, sold metal lockers in the U.S. at less than normal value between August 2022 and July 2023. Hangzhou Evernew was found not to meet certain standards during the review, leading to their data being unverifiable, resulting in their inclusion in the China-wide entity subject to a 322.25% duty rate. The results are applicable from April 16, 2025, and further details can be accessed through related public documents.
Simple Explanation
The U.S. Department of Commerce found that two companies from China sold metal lockers in the U.S. for cheaper than they should have, which is against the rules. One of these companies did not keep their information well enough, so they have to pay a big fine.