The U.S. Department of Commerce has preliminarily found that brake drums imported from China are being sold in the U.S. at less than fair market value. This investigation covers sales from October 2023 to March 2024. As a result, customs will suspend liquidation for these imports and apply cash deposit requirements based on calculated dumping margins. The final determination of this issue has been postponed and is expected within 135 days of this notice. Interested parties are invited to submit comments or request a hearing.
Simple Explanation
The U.S. Department of Commerce is checking if brake drums from China are being sold in the U.S. for less money than they're worth. They found that this might be true, so the U.S. is temporarily holding onto some money from these sales until they make a final decision later.