The U.S. Department of Commerce has determined that revoking the countervailing duty orders on carbon and alloy steel threaded rods from India and China would likely result in ongoing subsidies and harm to the U.S. industry. Therefore, the Department of Commerce will continue these orders. This decision follows a review process that did not receive adequate responses from China, India, or any respondents, leading to an expedited review. Further details and analysis can be found in the Issues and Decision Memorandum accessible online.
Simple Explanation
The Commerce Department in the United States decided to keep special taxes on certain steel rods from India and China because if they stop, the U.S. might get hurt due to unfair help those countries give to their businesses.