The USITC should be making the final ruling on or before July 12, 2013, regarding a duty on xanthan gum coming from China and Austria.
With the demand for xanthan gum increasing in the US and xanthan’s multiple uses in many industries, an anti-dumping tariff will hurt many US and Chinese companies. The tariff is expected to be as high as 154%.
“Chinese exporters of xanthan gum say they plan to quit the United States market after the US Department of Commerce imposed anti-dumping duties of up to 154 percent on the food additive coming from China.”
China and the US rely on each other for economic growth and trade.
“Low-priced Chinese goods have kept US consumer prices relatively low and served to propel economic growth. Business cooperation with China has, in effect, added an extra 1,000 US dollars to the annual disposable income of each American household.”
“The rising purchase ability of the Chinese people will become a main driver of the Chinese and world economy, which includes the US one.”
The slowing regional growth is due to China, which has seen its exports fall due to economic weakness across the developed nations that are its primary customers.
“The economy accelerated despite the slowdown in the U.S. and China, indicating domestic demand likely accounted for a large share of the expansion,” wrote Marc Chandler, market strategist for Brown Brothers Harriman.
Nearly 90% of all goods traded across borders travel, in part, by sea. The fastest-growing routes are between ports in Asia.
The Chinese economy is still growing far faster than the US. These American companies are hoping to seize that opportunity to boost their bottom lines:
Merck & Co