Staff writer, with CNAThe US Department of Commerce on Friday last week said that it has launched an anti-dumping investigation into certain collated steel staples imported from Taiwan, South Korea and China. The probe would determine whether firms in Taiwan, South Korea and China sold collated staples in the US market at unfairly low prices, the department said in a statement. The investigation was launched after Kyocera Senco Industrial Tools Inc, based in Cincinnati, Ohio, accused the firms of dumping collated staples into the US market and undermining market competition, the department said. The subsidy programs include five preferential loan and interest rate programs, two export credit programs, five income tax and other direct subsidy programs, four indirect tax programs, six grant programs and five less-than-adequate remuneration programs, it added. US imports of collated staples from Taiwan, China and South Korea were estimated at US$5.1 million, US$88.8 million and US$6.9 million respectively, department statistics showed.

Source: Taipei Times July 02, 2019 15:56 UTC