First U.S. Trade Remedy Case Brought in 2009
In what is likely to be the first of many trade remedy cases brought by U.S. industry against imported products in 2009, countervailing duty petitions were filed yesterday with the U.S. Department of Commerce and the U.S. International Trade Commission by Korff Holdings, LLC, dba Quaker City Castings, against Nickel-resist piston inserts for commercial grade diesel pistons from Argentina and South Korea.
This is the first antidumping or countervailing petition filed since October 29, 2008. Given the downturn in the U.S. economy it is likely that several other U.S. industries facing competition from imports will turn to the trade remedy laws to seek relief. In the past, for example, the U.S. steel industry has brought antidumping and countervailing duty against various imported steel products, including hot-rolled and cold-rolled steel, during economic downturns.