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Tuesday, December 7, 2021

U.S. says China, Vietnam dumping tool chests in U.S. market

U.S. says China, Vietnam dumping tool chests in U.S. marketU.S. says China, Vietnam dumping tool chests in U.S. market

WASHINGTON (Reuters) – The U.S. Commerce Department said on Monday it had made a preliminary determination that Chinese and Vietnamese countries had dumped tool chests and cabinets in the U.S. market.

The department said it calculated a preliminary dumping rate of 168.93 for Geelong Sales (Macao Commercial Offshore) Ltd, and a rate of 90.40 for Tongrun Single Entity.

Commerce calculated a preliminary dumping rate of 230.31 for Vietnamese respondent Clearwater Metal Single Entity.

The action came in response to a complaint by Waterloo Industries Inc, which makes tool chests in Sedalia, Missouri. Waterloo is a subsidiary of Fortune Brands Home & Security Inc (N:).

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Source: Investing.com

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