⚖️Preliminary Results of Countervailing Duty Review on Mobile Equipment
Mobile Access Equipment and Subassemblies Thereof From the People's Republic of China: Preliminary Results and Rescission, in Part, of the Countervailing Duty Administrative Review; 2022
Summary
The U.S. Department of Commerce (Commerce) preliminarily finds that countervailable subsidies were provided to Zhejiang Dingli Machinery Co., Ltd. (Dingli), and its cross-owned affiliates, a producer and exporter of mobile access equipment and subassemblies thereof (mobile access equipment) from the People's Republic of China (China). The period of review (POR) is January 1, 2022, through December 31, 2022. In addition, Commerce is rescinding this review, in part, with respect to 31 companies. Interested parties are invited to comment on these preliminary results.
Agencies
- Commerce Department
- International Trade Administration
Business Impact
$$$ - High
The text discusses the preliminary findings of countervailable subsidies provided to a Chinese company, which can affect trade practices, financial duties, and compliance obligations for U.S. businesses importing similar products. This can lead to increased costs for importers due to duties assessed and create a potential competitive disadvantage.