ITC OKs dumping duties for Chinese color television imports
The U.S. International Trade Commission has voted to approve antidumping duties for imports of Chinese color televisions.
In a 5-0 vote Friday, the ITC commissioners affirmed their final determination that these imports injure U.S. industry. The determination paves the way to the imposition of duties up to 78.45 percent.
Dumping is the sale of an export good at a price below the home-market or a third-country price, or below the cost of production.
According to the Commerce Department, imports of Chinese color televisions rose from $23.9 million in 2001 to $276.4 million in 2003.
In April, the Commerce Department issued its affirmative final determination to impose antidumping duties on Chinese color television imports. The dumping margins calculated by Commerce are:
* Konka Group Co. Ltd. — 11.36 percent.
* Sichuan Changhong Electric Co. Ltd. — 24.48 percent.
* TCL Holding Co. Ltd. — 22.36 percent.
* Xiamen Overseas Chinese Electronic Co. Ltd. — 4.35 percent.
* All others Chinese manufacturers — 21.49 percent.
* China-wide — 78.45 percent.
The Chinese Ministry of Commerce called the Commerce Department ruling unfair “because the department used a wrong method to calculate dumping margins.”