The United States International Trade Commission has started investigations to determine if U.S. industries are harmed by granular polytetrafluoroethylene (PTFE) resin imports from India and Russia. These imports are suspected of being sold in the U.S. at unfairly low prices and subsidized by their respective governments. The investigations were initiated following a petition from Daikin America, Inc., and a preliminary decision is due by March 15, 2021. Measures such as antidumping and countervailing duties are being considered, and parties interested in the investigation have opportunities to participate and submit written statements.
Simple Explanation
The U.S. government is checking to see if special plastic from India and Russia is being sold in America at unfairly low prices, hurting American businesses. They want to make sure the companies selling this plastic aren't getting secret help from their own governments, and they plan to decide what to do about it by March 2021.