(Reuters) - U.S. Commerce Secretary Carlos Gutierrez announced on Friday a preliminary countervailing duty of 10.90 percent against Shandong Chenming Paper Holdings and 20.35 percent against Gold East Paper Co. in a case brought last year by NewPage Corp., a Dayton, Ohio, manufacturer.
A preliminary rate of 18.16 percent will apply to all other Chinese glossy paper exports. Commerce will make its final duty determination later this year. Until then, importers will be required to post bonds or deposit cash with the U.S. Customs Service, based on the preliminary duty levels.
Read more at Reuters.com Business News
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