The U.S. Commerce Department has delayed its decision on subsidies provided to Chinese exporters of aluminum foil to November 30. The delay is tied up with how China should be treated as part of a long-running WTO case, as well as the administration’s likely broader review of China policy. A delay may not be a big issue for U.S. manufacturers as a parallel anti-dumping case decided on duties of up to 81% on August 8. Panjiva data shows Chinese exports to the U.S. fell 55% in August vs. July. While that helps U.S. manufacturers including Reynolds, buyers will pay the price –...
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