Sino-US-Vietnam Packaging Material Trade Dispute Rags

U.S. packaging companies accuse China and Vietnam of dumping PP corrugated boxes, the authorities launched a double-counter investigation, the global supply chain is facing a new round of trade game test.

The U. S. In fact polypropylene corrugated packaging sector recently launched a trade remedy action. And Three regional companies jointly filed a complaint with the Ministry of Commerce, accusing similar items from China and Vietnam of dumping. The core evidence shows that the profit margin of Chinese exporters is as high as 74. 63- 83. 49 per cent, and Vietnamese companies also have abnormal profit margins of 40. Pretty interesting, huh?. But 85 per cent, which has seriously impacted the pricing system in the US market. And In my experience, According to the complaint material, the PP corrugated container involved is broadly applied in the field of waterproof and durable manufacturing packaging. The complainant believes that Asian manufacturers have taken advantage of government subsidies and low-cost advantages to seize market share in the United States at prices far below reasonable value, which has caused substantial harm to similar industries in the United States. In my experience, The International Trade Commission (ITC) has initiated harm investigation procedures, and the Ministry of Commerce will simultaneously carry out anti-dumping and countervailing duty rates. In my experience, If the final ruling of the is established, the US market will implement double countermeasures, which will immediately affect the trade of packaging materials exported by China and Vietnam to the United States to greater than 0. 5 billion US dollars a year. While tariff barriers might benefit domestic producers such as Coolseal and Inteplast in the short term, downstream import-dependent companies will face surging costs. And sector analysts pointed out that under the background of the current global supply chain restructuring, the case might accelerate the direction of the packaging sector to the nearshore transfer. And , it's worth noting that this case coincides with the strengthening of the "America First" trade policy by the United States. ITC needs to complete the preliminary ruling within 45 days. And Its ruling isn't only related to the market structure of the packaging sector, however also regarded as an crucial weather vane to test the Biden administration's tolerance to Asian trading partners. With the deepening of the investigation, the manufacturing game between China, the United States and Vietnam has gone beyond the scope of individual cases and evolved into a new battlefield of disputes over the applicability of global trade rules.

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Sino-US-Vietnam Packaging Material Trade Dispute Rags

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