Reuters: Regulatory News: UPDATE 1-US rejects import duties on refrigerators, steel wheels

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UPDATE 1-US rejects import duties on refrigerators, steel wheels Apr 17th 2012, 16:14 Tue Apr 17, 2012 12:14pm EDT WASHINGTON, April 17 (Reuters) - A U.S. trade panel on Tuesday rejected punitive duties on bottom-mount refrigerators from South Korea and Mexico and on steel wheels from China in a blow for Whirlpool and other U.S. manufacturers seeking import relief. The U.S. International Trade Commission voted 5-0, with one commissioner abstaining, that Whirlpool had not been materially injured or threatened with injury by lower priced imports from South Korea and Mexico. It made that decision even though the Commerce Department last month found South Korean and Mexican companies had been selling in the U.S. market at below fair market value and also had received government subsidies. The department had set a 30.34 percent anti-dumping duty on LG's bottom-mount refrigerators made in Mexico and a 15.41 percent duty on the same style of refrigerators that LG makes in South Korea. It also set a 15.95 percent anti-dumping duty on Samsung's Mexican-made bottom-mount refrigerators and a 5.16 percent anti-dumping duty on Samsung's South Korean-made bottom-mount refrigerators. The department hit two other companies that produce bottom-mount refrigerators in Mexico, Mabe and Electrolux, with anti-dumping duties of 6.0 percent and 22.94 percent, respectively. It also set countervailing duties of 12.9 percent on bottom-mount refrigerators exported from South Korea by Daewoo and 2.46 percent on Samsung to offset government subsidies the two companies allegedly received. But now as result of the ITC vote, none of those duties will be imposed. Similarly, the trade panel rejected duties on steel wheels from China by a vote 6-0. The decision was a disappointment for U.S. manufacturers Accuride Corporation and Hayes Lemmerz International Inc , which filed petitions last year for import relief. Link this Share this Digg this Email Reprints

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