The U.S. Department of Commerce has determined that certain alkyl phosphate esters from China are being sold in the U.S. at less than their fair value, which began on October 1, 2023, and will continue until March 31, 2024. As a result, a dumping margin of 269.02% has been assigned to the China-wide entity. U.S. Customs will continue to hold imported goods to calculate and collect duties based on the outlined rates until a further decision is made. The U.S. International Trade Commission will now determine if these imports are harming U.S. industries, which could lead to the imposition of antidumping duties.
Simple Explanation
Certain chemicals from China, called alkyl phosphate esters, are being sold in the U.S. for less money than they're really worth, like buying a toy from the store at a too-good-to-be-true sale price. The U.S. government will stop this by making the people who bring these chemicals pay extra money, kind of like a fee, until they figure out if it's hurting people who make these chemicals in the U.S.