imageCommodities1 hour ago (Aug 20, 2020 04:05PM ET)

(C) Reuters. Defense Secretary James Mattis welcomes Chinese Minister of National Defense Gen. Wei Fenghe to the Pentagon

WASHINGTON (Reuters) – The U.S. Commerce Department on Thursday said it had initiated an investigation into possible dumping of Chinese-built chassis and sub-assemblies into the U.S. market, and whether Chinese producers were receiving unfair subsidies.

The investigation could result in Chinese imports facing anti-dumping and countervailing duties.

In a statement, Commerce said the alleged dumping margin was 188.05%. In the countervailing duty investigation, Commerce said it would investigate 30 Chinese subsidy programs, including grant programs, tax programs, and government loans.

U.S. Commerce investigates possible dumping of Chinese chassis and sub-assemblies

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