The U.S. Department of Commerce announced the final results of its review, finding that Toray Advanced Materials Korea, Inc. (TAK) sold low melt polyester staple fiber from Korea in the U.S. at less than normal value between August 1, 2022, and July 31, 2023. This review resulted in a change to the weighted-average dumping margin calculations for TAK. The Department will instruct U.S. Customs and Border Protection to assess antidumping duties based on these results and establish cash deposit requirements for future shipments of the fiber. The notice also reminds importers of their responsibilities regarding antidumping duties and protective orders.
Simple Explanation
The U.S. government found that a company from Korea sold a special type of fiber in America for a cheaper price than usual. Because of this, they will charge extra money on future sales to make it fair.