U.S. slaps preliminary tariffs on PET from Brazil, Indonesia, S. Korea, Pakistan, TaiwanStaff Writer | May 3, 2018
The U.S. Department of Commerce will impose preliminary antidumping duties on polyethylene terephthalate imports from Brazil, Indonesia, South Korea, Pakistan and Taiwan, before making a final determination on the duties on September 17, it said.
Trade war Commerce will instruct U.S. Customs and Border Protection
For Brazil, M&G Polimeros Brasil faces 24.09% duty while Companhia Integrada Textil de Pernambuco has been hit with 226.91%. All other Brazilian producers and exporters face 93.60% duty.
For Indonesia, Indo-Rama Synthetics and other companies in the country face a duty of 13.16%.
For South Korea, the duties imposed are: SK Chemicals 8.81%, Lotte Chemical and TK Chemical 101.41% and all other companies there 8.81%.
For Pakistan, Novatex and all other domestic companies are hit with 7.75% duty.
For Taiwan, Far Eastern New Century, Far Eastern Textile and Worldwide Polychem (HK) face 11.89% duty while Shinkong Synthetic Fibers face 9.02%. All other Taiwanese companies would be hit by 10.99%. In 2016, PET imports from Brazil totaled 58,397 mt, 35,420 mt from Indonesia, 26,133 mt from South Korea, 36,767 mt from Pakistan and 115,327 mt from Taiwan. ■