According to Mexico News Daily, the U.S. Department of Commerce announced the results of a countervailing duty investigation found that Mexican steel exporters were subsidized by their government at rates from 0.01% to 74.01%. Besides Mexico, investigations of steel imports from China found subsidy rates of 30% to 177%. The investigation was brought by the Chicago-based American Institute of Steel Construction.
Separate investigations considered steel imports from Canada and China, and tariffs ranging from 30% to 177% will be imposed on product shipped to the United States by companies in the latter country. In Canada’s case, steel exporters were found to be receiving subsidies of less than 0.5% and no tariffs will be imposed. Imports of fabricated structural steel from Mexico totaled $622.4 milion last year.
In order to maintain competitiveness with foreign producers, the countervailing duty (CVD) rate is assesed against importers at a rate equal to the subsidy rate. One notable company subject to investigation and a 74.01% tariff is Swecomex, a subsidiary of Grupo Carso, which is owned by billionaire businessmen Carlos Slim, and Preacero Pellizzari Mexico.
The final determinations of its countervailing duty investigations will be announced on or about November 19th.
The U.S. Department of Commerce will resume anti-dumping investigations into imports of Mexican tomatoes despite a previous agreement not to.
Zippy Duvall, President of the American Farm Bureau Federation indicated an anti-dumping investigation was needed because Mexican producers have increased their market share despite an agreement to ban artificially low prices.
On February 6, 2019, the Department of Commerce notified Mexico they would withdraw from the 2013 Suspension Agreement on Fresh Tomatoes from Mexico under a clause that the signatories may withdraw from the Agreement with “ninety days written notice to the other party”. The expiration of the 90-days is May 7, 2019.
After the withdraw on May 8th, an investigation by the Department of Commerce will continue and will send notification to the International Trade Commission of its final determination.
If you are an importer of Mexican tomatoes or want to know how this may impact you, contact antidumping duty attorney David Hsu at firstname.lastname@example.org or by phone/text at 832.896.6288 for a no cost or obligation consultation.
According to a U.S. Department of Commerce (Commerce) news release – the Commerce Department announced the affirmative final determinations in the antidumping duty (AD) investigations of imports of fine denier polyester staple fiber from China, India, Korea, and Taiwan.
Commerce determined that exporters from China, India, Korea, and Taiwan sold fine denier polyester staple fiber in the United States at less than fair value. The dumping margins determined by Commerce are as follows:
China – 65.17 – 103.06 percent
India – 21.43 percent
Korea – 0 – 45.23 percent
Taiwan – 0 – 48.86 percent
With today’s decision, Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of fine denier polyester staple fiber from China, India, Korea, and Taiwan based on the final rates, as appropriate.
I find it ironic, one of the petitioners is Nan Ya Plastics Corporation, America – a company that previously imported fine denier polyester staple fiber.
One interested statistic in the Commerce release – the Trump administration has 114 new antidumping and countervailing duty investigations since the beginning of the administration compared to the the 64 initiations in the last 489 days of the previous administration.
If you are an importer of fine denier polyster staple fiber from China, India, Korea or Taiwan and have questions how this decision may impact your business, contact David Hsu at 832-896-6288 or by email at email@example.com.