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US decides to retain tax on imported mattress innersprings

The US has decided to continue imposing an anti-dumping duty on mattress innerspring units imported from China, South Africa and Vietnam.
The US has decided to continue imposing an anti-dumping duty onmattress innerspring units imported from China, South Africa andVietnam.

The US International Trade Commission (USITC) onMarch 25 determined that the revocation of the existing tariff onuncovered innersprings imported from the three countries would likelycause remarkable economic losses for US-based companies.

According to common regulations, the anti-dumping duty order will berevoked after five years unless the US Department of Commerce and USITCvote against it.

The country imposed the tax for mattressinner springs imported from Vietnam and South Africa for the firsttime in December 2008 and those from China in February 2009.

Thecurrent anti-dumping tax rate on the springs from China, SouthAfrica and Vietnam are 234.51 percent, 121.39 percent and 116.31 percentrespectively.-VNA

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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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