Hyundai loses challenge to US duties on power transformers

Hyundai Electric & Energy Systems Co. lost its challenge to U.S. duties on certain entries of large power transformers from South Korea, the U.S. Court of International Trade ruled.

The U.S. maintains antidumping duties on imports of large power transformers from South Korea, used in high-voltage electrical power transmission systems, reports Bloomberg Law.

The Commerce Department conducted a periodic duty review of power transformer imports that entered the U.S. between August 2016 and July 2017 and calculated a dumping margin and corresponding duty rate of 60.81% for Hyundai's transformers. That year the U.S. imported about $326 million worth of these transformers from South Korea.

Hyundai challenged these results at the trade court, but the U.S. ruled to maintain the set antidumping duties.

Source: Bloomberg Law