The commerce department said PET resin products imported from South Korea, Brazil, Indonesia, Pakistan and Taiwan were sold at "less than fair value rates" in the U.S. market, finalizing anti-dumping tariffs ranging from 5.16 percent to 275.89 percent.
Under the decision, South Korean exporters will be assessed duties of 8.23-101.41 percent on PET resin sold in the U.S. market.
The U.S. imported $24 million worth of PET resin from South Korea in 2016 and the amount jumped to $127.3 million in 2017, according to the commerce department.
PET resin is mainly used to make bottles, jars, containers and various other packaging applications. Source from the Yonhap.