Daily News
From Home Furnishing Business
Classic Brands Responds to ITC Determination in Anti-Dumping Battle
May 19,
2020 by Laurie Northington in Business Strategy, Industry 
Specialty bedding producer Classic Brands has issued the following statement in response to the affirmative preliminary determination made by the U.S. International Trade Commission (ITC) regarding the antidumping investigation on mattress imports from Cambodia, Indonesia, Malaysia, Serbia, Thailand, Turkey, and Vietnam:
"We are disappointed that the ITC has made the preliminary determination that the U.S. mattress industry is being injured by reason of the importation of mattresses from strong U.S. trading partners, most of which are free market economies. We strongly believe that a comprehensive review and measured analysis of the facts will reveal that the Petitioners' allegations of material injury to the U.S. mattress industry are without merit, and are hopeful that the ITC's final determination will reflect this position.”
In response to the ITC preliminary determination, Classic Brands plans to “avail itself of all legal options to vigorously defend its position as the ITC and U.S. Department of Commerce move forward with their investigations. Imposing the import duties sought by the Petitioners would reduce the availability and affordability of an essential consumer product and risk inflicting serious damage to the U.S. economy and consumers at a time when the country can least afford it. The free market is the best means of driving product innovation and serving the American people, and now is not the time to erect trade barriers or protectionist policies in the name of shielding a handful of highly consolidated, profitable companies."
Classic Brands is represented by Steptoe & Johnson LLP.