Back in April, I expressed skepticism at the US Commerce Department’s imposition of countervailing duties on Chinese glossy paper exports, partly because there wasn’t much evidence of material harm to domestic industry. Tuesday, the USITC voted 5-1 that US industry was not materially injured by low-priced glossy paper from China, South Korea and Indonesia.

The USITC ruling does not overturn the Commerce decision that China is a market economy and therefore subject to possible CVDs. Plenty of anti-subsidy investigations are already underway.