Anti-dumping tax cash settlement attracts attention to create a fair market

On Tuesday, the Wall Street Journal (WallStreet Journal) published an article on this matter, which is also the first article about anti-dumping tax cash settlement appeared in the US national consumer newspaper. This article discusses the process by which US local furniture manufacturers and their legal advisers obtain cash settlements from Chinese wooden bedroom furniture manufacturers, and the names of these Chinese manufacturers have been removed from the annual administrative review. The purpose of the review is to determine whether these companies need to pay higher anti-dumping duties on products they export to the US market.

The anti-dumping duty was created to create a fair market, because some US furniture manufacturers claimed that the final price of Chinese products based on materials, costs, and transportation advantages threatened US manufacturers. Cash settlement represents a proportion of the annual export volume of Chinese producers to the US market and will be paid to US producers and their legal advisers.

In October last year, the US International Trade Commission held several hearings on cash settlement. This was the first time that a local US producer discussed the incident in public. Some manufacturers believe that the use of cash settlement is a way to reduce the cost of legal advisers related to anti-dumping duties.

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