U.S. ruling against Chinese exporters welcomed by Taiwanese textile firms

The final rulings earlier by the United States Department of Commerce that China and India have been dumping certain textiles on the U.S. market were welcomed by most Taiwanese textile exporters as a chance to compete in a fair market.

In a statement issued Nov. 14, the U.S. DOC said after an investigation, it found that exporters from China and India had dumped polyester textured yarn (PTY) in the U.S. market at margins ranging from 76.07% to 77.15% and 17.62% to 47.51%, respectively. The DOC said it has also issued a final ruling after finding Chinese and Indian polyester textured yarn received countervailable subsidies at rates ranging from 32.18% to 473.09% and 4.29% to 21.83%, respectively.

Based on the findings, the Department of Commerce has imposed anti-dumping and anti-subsidy tariffs on Chinese and Indian PYT exporters. In response to the rulings, some Taiwanese companies said the heavy anti-dumping and anti-subsidy tariffs imposed by the U.S. in the case will give Taiwanese exporters a break from the unfair competition waged by their Chinese counterparts.

Lealea Enterprises Co., a Taiwanese manufacturer of artificial fiber, said it had almost given up on the U.S. market due to the unfair competition from China. With the heavy tariffs now imposed on Chinese PTY exporters, however, Taiwanese companies will have a chance to return to the U.S. market.

According to industry sources, Chinese firms that face heavy tariffs in the U.S. are likely to sell their products on the domestic market, which would tighten the competition for Taiwanese companies operating in China.

 

 
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