The U.S. Department of Commerce has preliminarily found that several companies sold corrosion inhibitors from China at prices below their normal value between March 2023 and February 2024. As a result, one company's review has been rescinded. The department is inviting comments on these findings and plans to release the final results in 2025. Companies involved may be subject to antidumping duties, which are taxes imposed to protect local industries from unfair pricing.
Simple Explanation
The U.S. government found that some companies from China were selling special chemicals called corrosion inhibitors for less money than usual, which might be unfair to other companies. They are asking people to share their thoughts on this, and the government might add extra charges to those companies next year to make sure everyone plays fair.