The Department of Commerce has found that ultra-high molecular weight polyethylene from the Republic of Korea is being sold in the U.S. at prices below fair value during 2019. They have determined the final dumping margins for sales and will notify the International Trade Commission (ITC) about their findings. Based on this decision, the U.S. Customs and Border Protection will continue to suspend the liquidation of these products and require a cash deposit to offset the dumping margins. The investigation will conclude if the ITC confirms that the U.S. industry is suffering due to these imports; otherwise, the case will be closed, and any deposits will be refunded.
Simple Explanation
The U.S. found that a type of plastic from South Korea was being sold too cheaply, and they want to make sure it doesn't hurt businesses in the U.S. So, they're going to keep a close watch and might ask for extra money from people who bring it into the country.