Search Our Website:
menu
BACK TO NEWS
BIPC Logo
ARTICLES & ADVISORIES
APR 3 2023

8 Key Facts About Antidumping and Countervailing Duties

Click Here to Download the Infographic

8 Key Facts About Antidumping and Countervailing Duties Protecting U.S. workers and domestic manufacturing from unfairly priced imports. Maintaining the United States’ manufacturing base has received heightened recognition from the White House and Congress in recent years. This has opened the door for domestic manufacturers to fight back against unfair import competition. Now, with the help of experienced and aggressive AD/CVD counsel, U.S. manufacturers are finally getting the relief they deserve. Know the Numbers For any domestic producer facing low priced import competition and considering action, here are 8 facts that you need to know. Importing & Trade Trends The U.S. imported $506.4 billion of goods from China in 2021, up 16.5% from the prior year. The current Chinese trade deficit of $355.3 billion continues to steadily rise. The most recent report from the U.S. government indicates that $18.2 billion worth of imports were subject to antidumping (AD) or countervailing duty (CVD) orders. The AD/CVD Opportunity Customs and Border Protection (CBP) is currently enforcing over 660 AD/CVD orders – this figure continues to grow. AD/CVD investigations are time efficient and cannot take longer than 13 months to complete. Cash deposits on imports can begin within 4 months of filing petitions – getting your business fast relief. Successful antidumping cases frequently result in revenue increases in the first year that are multiples of the legal expenses incurred. Pursuing AD/CVD investigations can be quite successful. The vast majority of these cases produce a favorable outcome for the businesses that pursue them. Doing Well by Doing Good Not only does it provide your company relief, fighting back against unfair pricing levels the playing field for American manufacturers – keeping more companies in business and more Americans on the job. Don’t Go at It Alone For manufacturers and industries looking to use the AD and CVD laws, having a team of experienced international trade lawyers on their side can be the difference in obtaining a meaningful remedy. Buchanan Ingersoll & Rooney attorneys have decades of experience representing the interests of U.S.-based companies and manufacturing associations in trade remedy matters. CLICK HERE to read our full guide to antidumping and countervailing investigations. Contact us today for more information Daniel B. Pickard International Trade and National Security Practice Group Leader Email: daniel.pickard@bipc.com | Phone: (202) 452-7936 Buchanan Visit bipc.com
Contributors
Related Services & Industries
Related Keywords