WASHINGTON (Reuters) – The United States is investigating declared auctioning of China-made mattresses afterwards complaints from several U.S. manufacturers, including Leggett & Platt Inc, Tempur Sealy International Inc and others, the Administration of Commerce said on Friday.
Shares of Tempur Sealy were up about 1.5 percent in backward morning barter afterward the Commerce statement, while shares of Leggett & Platt up beneath than 1 percent.
Other a captivated companies – Corsicana Mattress Co, Elite Comfort Solutions, Future Foam Inc, FXI Inc, Innocor Inc, Kolcraft Enterprises Inc and Serta Simmons Bedding LLC – additionally active the address allurement Commerce to investigate, the administration said.
Mattresses from China were estimated to be account about $436.5 actor in 2017, according to the department.
It said the U.S. International Barter Commission (ITC) would accomplish its antecedent accommodation by Nov. 2, followed by the Commerce Administration by Feb. 27.
A final accommodation is appointed for May 13, but could be later, it added.
If the administration determines that China is affairs mattresses in the United States at beneath than fair value, and is harming U.S. sellers, it would again appoint duties, it said in its statement.
(Reporting by Tim Ahmann; Writing by Susan Heavey; Editing by Doina Chiacu and Marguerita Choy)
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