On November 5, Washington time, the U.S. Department of Commerce issued a notice to make a preliminary countervailing ruling on the pin products originating in China. The anti subsidy tax rate of Zhejiang best nail Co., Ltd. is 12.38%; the other two enterprises, Ningbo Deli Stationery Co., Ltd. and haishengxin Group Co., Ltd., which are selected as the compulsory responding enterprises, are not involved in the responding, and the punitive tax rate is 156.99%; the anti subsidy tax rate of other Chinese enterprises is 12.38%.
According to the statistics of the US side, in 2018, the export amount of our products involved in the case to the US was about US $88.75 million. According to the US investigation procedure, the US Department of Commerce will make a final decision on this case on March 17, 2020. (From Csteel)