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In 2005, the Diamond Sawblades Manufacturers’ Coalition, a group of primarily small, family-owned U.S. diamond sawblades producers, alleged that Chinese and Korean imports were being sold at unfairly low prices that injured U.S. producers, and petitioned the U.S. government for relief under the antidumping laws. The U.S. Department of Commerce determined that the imported sawblades are, in fact, being sold in the United States at “less than fair value.” The court ruling discussed in your article upheld a separate determination that these unfairly priced imports threaten to materially injure U.S. producers of diamond sawblades. The duties that will be imposed as a result of these findings will ensure that Chinese and Korean diamond sawblades are sold at a fair value, so that U.S. producers can compete on a level playing field with the foreign companies.
Unfairly priced diamond sawblades from China and Korea have caused U.S. manufacturers to shutter their facilities, and put workers out of their jobs. The duties that the law provides for permits U.S. companies to recover from “dumped” imports, become ever more competitive, and deliver better products to consumers. Over the past decade, U.S. manufacturing jobs have been outsourced abroad at an outrageous rate. The antidumping duties are necessary to prevent yet another U.S. industry from being further injured.
The U.S. antidumping laws are now more important than ever. American manufacturers, like the diamond sawblade producers, deserve relief from imports that are found to be sold at less than fair value and that are found to cause, or threaten, material injury. Please do not hesitate to contact me with any questions.
|Last Updated on Friday, 01 May 2009 14:51|