US launches first trade probe of 2010 against China

The U.S. government will investigate charges that Chinese companies are selling oil industry drill pipe in U.S. at unfairly low prices, the official said.

US launches first trade probe of 2010 against China

The U.S. government will investigate charges that Chinese companies are selling oil industry drill pipe in the United States at unfairly low prices, the Commerce Department said on Thursday.

It is the U.S. first trade probe of the year against China after about a dozen in 2009.

The United Steelworkers union and a group of companies from Texas and Illinois have asked for anti-dumping duties ranging from 429 percent to 496 percent, and additional countervailing duties to offset alleged government subsidies, the Commerce Department said.

The United States imported $194.6 million of the drill pipe from China in 2008, up from $107.1 million in 2006.

Drill pipe includes heavyweight drill pipe and drill collars of iron or steel, and is used in oil drilling applications.

Trade lawyers expect a steady stream of cases against China this year because of an expected increase in imports as the United States recovers from its worst recession in decades.

The United States already has 82 antidumping duty orders in place against a variety of Chinese goods and another 12 countervailing duty orders.

The proliferation of cases in recent years has strained U.S.-China trade ties.

Reuters
Last Mod: 22 Ocak 2010, 08:32
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