Commerce Department

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Nail Prices Jump

Nail prices jumped about 30% within days of the Jan. 16 preliminary ruling by the Commerce Department on nail dumping in U.S. markets. (First reported in Tools of the Trade, Sept./Oct. 2007.) Responding to a complaint filed by five U.S. nail manufacturers and one labor union, the Commerce Department issued its ruling against the People's Republic of China and United Arab Emirates for selling nails here 'at less than fair value'–as much as 118% less in China's case. Read more

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