Search Results for keywords:"financial support to exporters"

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Search Results: keywords:"financial support to exporters"

  • Type:Notice
    Citation:89 FR 95744
    Reading Time:about 14 minutes

    The U.S. Department of Commerce has made a preliminary decision that manufacturers in China are receiving financial support from their government for producing brake drums, which may hurt U.S. businesses. They have started an investigation covering the entire year of 2023 and are inviting feedback on this preliminary finding. The agencies involved are aligning this with a separate investigation to decide if these imports are leading to unfair competition in the form of undercutting U.S. businesses. The Commerce Department has also detailed the calculation methods for subsidy rates and invited public comments or requests for hearings on the findings.

    Simple Explanation

    The U.S. government thinks that China is helping its companies sell brake parts too cheaply in the U.S., which might make it hard for American companies to compete, and they're checking to see if this is true. They want people to tell them what they think about this to help make a final decision.