The United States International Trade Commission determined that the U.S. industry is suffering due to imports of fluid end blocks from China, Germany, India, and Italy. These imports were found to be subsidized by their respective governments, and some from Germany and Italy were sold in the U.S. at less than fair value. The investigations began after petitions from several U.S. companies and a trade coalition, following which the Commission held a hearing in December 2020. Their final determinations were issued on January 25, 2021, confirming these findings.
Simple Explanation
The U.S. found that some countries, like China, Germany, India, and Italy, were not playing fair because they helped pay for making special metal parts called fluid end blocks, and some parts from Germany and Italy were sold too cheaply in the U.S., which hurt businesses in America.