Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The US Department of Commerce preliminarily determined that countervailable subsidies are being provided to exporters of chassis and sub-assemblies from China. 


In an order slated to release on January 4, 2021, Commerce estimated that during the period of review, January 1, 2019, through December 31, 2019, Qingdao CIMC Special Vehicles and Dongguan CMC Vehicle, which together form CIMC, received subsidies at 38.52pc and assigned an equal countervailing duty (CVD) to the two parties and an identical all-others rate for exporters of the subject merchandise from China. 


Commerce will instruct US Customs and Border Protection to suspend liquidation of the imported chassis until cash deposits, equivalent to the CVD rate prescribed, are collected from the exporters. 

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