"Strongly dissatisfied, measures will be taken!" The Ministry of Commerce responded to the US double counter ruling

 On February 27, Washington time, the US Department of Commerce issued the final ruling of anti-dumping and countervailing investigations against Chinese aluminum foil products, imposing "double anti-dumping" duties on imports of Chinese aluminum foil or more than 180%.

In this regard, Wang Hejun, director of the Trade Relief Bureau of the Ministry of Commerce, said in a statement that he was strongly dissatisfied with the final decision of the US on the double counter investigation of aluminum foil against China, and that China would take necessary measures to safeguard its legitimate rights and interests.

Wang Hejun pointed out that from the process and results of the investigation, the US side still ignored WTO rules and seriously damaged the interests of Chinese aluminum foil exporters. China expressed strong dissatisfaction with this. In the anti-dumping investigation of this case, the US Department of Commerce continued to identify China as a "non market economy" on the basis of its domestic laws, applied the "surrogate country" approach, and awarded an abnormally high anti-dumping tax rate of 48.64% - 106.09%. In the countervailing investigation procedure, the US Department of Commerce artificially identified Chinese raw material suppliers and financial institutions as "public institutions", and wrongly determined the high countervailing tax rate of 17.16% - 80.97% without any evidence.

Wang Hejun stressed that American aluminum enterprises had voluntarily withdrawn from the production of aluminum foil with low added value more than 20 years ago and turned to the production of aluminum products with high profits. Therefore, the decline of American aluminum foil production and market share was a business choice of American enterprises, not caused by the import of aluminum foil. The US side's unreasonable and excessive use of trade remedy measures will not only fail to achieve the "revival" of the US aluminum foil industry, but will affect employment in the United States and damage the welfare of American consumers. China will take necessary measures to safeguard its legitimate rights and interests against the US side's wrong practices.

In less than two months, the United States launched four "double anti" investigations on Chinese products

On the premise that Wall Street heard earlier, on the 27th local time, the American Aluminum Association released a statement welcoming the final decision of the Ministry of Commerce, saying that the final decision of the Ministry of Commerce determined that the dumping margin of Jiangsu Zhongji Composite Co., Ltd., Hangzhou Dingsheng Import and Export Co., Ltd. and their co defendants was 48.64% - 106.09%, and the subsidy margin of these enterprises was 17.14% - 80.97%.

This means that, according to these identified dumping and subsidy margins, the US Department of Commerce will probably impose 106.09% anti-dumping duty and 80.97% countervailing duty on the aluminum foil imported by the above Chinese enterprises, and the total "double anti-dumping" duty may exceed 186%.

The US Department of Commerce later confirmed the above ruling range disclosed by Alcoa. Commerce Secretary Ross said that the U.S. government is committed to fair and mutually beneficial trade and does not allow its enterprises and workers to be harmed by unfair imports.

In August and October of last year, the US Department of Commerce successively announced the preliminary determination of anti subsidy and anti-dumping on the import of Chinese aluminum foil, and the total "double anti-dumping" tax rates temporarily levied ranged from 113.37% to 243.21%.

In less than two months this year, the U.S. Department of Commerce has launched four "double anti" surveys on imported Chinese products. The respondents are plastic (9280, 45.00, 0.49%) decorative ribbons, rubber bands, large diameter welded pipes and rubber bands originating in China.

Recently, Sino US trade relations have become increasingly tense.

On Friday and Monday, the media successively reported that Trump hoped to impose a global tariff of 24% or even 25% on steel imports, and a tariff of 10% on aluminum imports. The proportion of the latter was even higher than the tough measures proposed by the US Department of Commerce.

How China will respond to America's "frequent moves" has become the focus of attention.

The chief editor of Wall Street has analyzed that although China's trade dependence on the United States is higher between China and the United States, China has no way to respond to the possible trade war launched by the United States. First, China can take countermeasures against the United States within the framework of WTO. China can carry out double anti investigation on some products of the United States and use WTO rules to counter the United States. In addition, many institutions believe that China also has more options to counter the US trade war.