Wiley Files Trade Petitions on Behalf of American Manufacturers of Low-Speed Personal Transportation Vehicles to Combat Illegal and Unfair Dumping and Subsidies from China [Yahoo! Finance]
Ingersoll Rand Inc. (IR)
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Source: Yahoo! Finance
imports of low-speed personal transportation vehicles (CLSPTVs), including golf cars, PTVs, LUVs and LSVs, are materially injuring the American manufacturing industry. The Coalition is comprised of U.S. producers Club Car and Textron Specialized Vehicles Inc., which manufactures E-Z-GO® and Cushman® vehicles. Wiley is representing the petitioner. The petitions show that the state-supported Chinese industry is selling CLSPTVs in the United States at less than fair value – dumped at rates up to 477%, which significantly distorts the U.S. market. The petitions also demonstrate that foreign producers in China unfairly benefit from numerous countervailable subsidies provided by the Chinese government, such as tax breaks and discounted raw materials and inputs, which provide unfair and artificial advantages to the Chinese industry. These unfair advantages have allowed Chinese producers to gain significant market share at the expense of the U.S. industry and its workers. The filing was m
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IR
Earnings
- 7/31/24 - Beat
IR
Sec Filings
- 8/29/24 - Form 4
- 8/28/24 - Form 144
- 8/27/24 - Form 144
- IR's page on the SEC website