The Department of Commerce's International Trade Administration has initiated investigations into claims that certain monomers and oligomers from Korea and Taiwan are being sold in the U.S. at prices less than their fair value. The action follows petitions from a company named Arkema, Inc., alleging material injury to U.S. industries due to these imports. The investigations will determine if imports of these chemicals are harming or threatening U.S. industries. The Commerce Department will evaluate information from both parties and make preliminary determinations by a specified date while notifying relevant international bodies.
Simple Explanation
The U.S. government is checking if some special chemicals from Korea and Taiwan are being sold for too little money in America, which might not be fair to local businesses. They want to make sure this isn't hurting the people who make similar things in the U.S.