WASHINGTON, D.C. — The Department of Commerce (DOC) last week amended its preliminary tariffs for several Chinese manufacturers of metal wire hangers. As a result, many importers’ rates will be cut in half.
The DOC’s antidumping decision collects a deposit based on the discount off Fair Market Value (FMV) each Chinese manufacturer sells its hangers. Shanghai Wells Hanger Co. is subject to the lowest rates, 33.9%, and 13 companies that were charged an 89% tariff beginning in mid-March will now be subject to a 45.69% tariff.