October 16 2020

US to Impose Billions in Anti-Dumping Duties on Aluminium Imports

Source: IBFD Tax Research Platform News

The United States Department of Commerce (Commerce) seeks to impose aluminium import tariffs worth billions of dollars on 18 countries in the broadest US trade enforcement inaction in two decades.

The announcement was made in a Press Release dated 9 October 2020 and instructs US Customs and Border Protection to collect cash deposits from common alloy aluminium importers.

The goal of this mandate is to prevent foreign companies that undercut the US market by charging lower-than-cost-of-production prices, or that charge prices that are lower in the United States than those charged in the importer's home markets for the same goods.