Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Twist Tie Firm Sues China, Wants Tariff

foodprocessing 2020-10-13
Share       

The inventor of the twist tie is trying to trigger a tariff against Chinese competitors, complaining that they’re underselling due to currency manipulation.

Bedford Industries, which introduced the extruded-plastic-and-wire closure in 1966, has filed suit with the International Trade Commission and Commerce Department, seeking a tariff on imported Chinese twist ties. It’s suing under a provision to trade law enacted by the Trump administration this year, allowing manufacturers to demand a tariff if they can show they’re being undersold by an overseas competitor due to currency manipulation.

Bedford is the first manufacturer to sue China under this provision. If they’re successful, it could open the door to more suits, against China and other overseas competitors.

The CEO of Bedford told the Wall Street Journal that he had noticed the Chinese cutting into the market about five years ago, and he really became suspicious when a Chinese company got a contract with a food processor for half of what his company had to charge.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Genlai Fructose

Genlai Fructose

food grade halal leaf gelatin sheet

food grade halal leaf gelatin sheet

Yusweet DC xylitol

Yusweet DC xylitol

Vitamin E Powder 50%

Vitamin E Powder 50%

Genmont De-Min-An probiotic sachets

Genmont De-Min-An probiotic sachets

Compound probiotic drinks

Compound probiotic drinks

extractive from semen coicis

extractive from semen coicis

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121