Search Results for keywords:"Zhenjiang Zhonglian I/E Co., Ltd."

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Search Results: keywords:"Zhenjiang Zhonglian I/E Co., Ltd."

  • Type:Notice
    Citation:86 FR 10542
    Reading Time:about 9 minutes

    The Department of Commerce has determined that producers and exporters of twist ties from the People's Republic of China are receiving subsidies, which violates trade rules. This investigation was prompted by Bedford Industries, Inc., and found that certain Chinese companies, including Zhenjiang Hongda Commodity Co. Ltd. and Zhenjiang Zhonglian I/E Co., Ltd., benefited from financial assistance. As a result, the U.S. Customs and Border Protection (CBP) has been ordered to suspend liquidation of twist tie imports from China and may impose duties if the U.S. International Trade Commission (ITC) confirms the resulting harm to U.S. industries. The scope of this decision includes twist ties made of metal and plastic, but excludes those sold with bags or as packaging materials.

    Simple Explanation

    The U.S. found that some companies in China get unfair help from their government to make twist ties (like the ones that close bread bags), so they might have to pay extra taxes to bring them into the U.S.