U.S. Announces Final Results of Investigation on Double Reverse Investigation of Polyester Processing Silk in China

On November 14, 2019, Washington time, the US Department of Commerce announced the final result of the anti-dumping and anti-subsidy investigation of China's Polyester Textured Yarn. Regarding dumping, the compulsory responding enterprise Jiangsu Hengli Chemical Fiber Co., Ltd. has a tax rate of 76.07%, and the national uniform tax rate is 77.15%; for subsidies, the compulsory responding enterprise Fujian Baihong Poly Fiber Industrial Co., Ltd. has a tax rate of 32.18%, and the other two compulsory The responding enterprise Suzhou Shenghong Chemical Fiber Technology Co., Ltd. and its affiliated companies were awarded punitive tax rates of 472.51% and 473.09%, respectively. According to statistics from the US, Chinese companies exported US$35 million in products during the investigation period.

According to the US investigation procedures, the US International Trade Commission will make a final ruling on the case on December 30.