The Commerce Department has issued its final determination in the antidumping duty investigation on truck and bus tires from Thailand (A-549-848). Cash deposit rates set in this final determination take effect Oct. 17.
Donald Trump, in a lengthy interview with Bloomberg's editor-in-chief, tripled down on his tariff policy, calling the word tariff "the most beautiful word in the dictionary," and saying that his plan of a 10% tariff on all non-Chinese imports is not nearly enough to reverse factory closures.
President Donald Trump will be receptive to Sen. Bill Cassidy's proposal to impose a carbon border tax, predicted Dave Banks, a former energy and environment expert in the National Economic Council and National Security Council during the first Trump term.
Trade groups representing corn and soybean farmers say that if Donald Trump imposes 60% tariffs on Chinese imports, as he has promised to do if re-elected, it would devastate their exports to China.
The strong differences in tariff and immigration policies whether Donald Trump or Kamala Harris wins the election made it difficult for a think tank's economic outlook, but Alejandro Werner, a senior fellow at the Peterson Institute for International Economics, said that Mexico will have a slow-down in foreign investment over the next couple of years because of "the uncertainty associated with the continuation of the USMCA regardless of who wins the election."
The International Trade Commission published notices in the Oct. 15 Federal Register on the following AD/CVD injury, Section 337 patent or other trade proceedings (any notices that warrant a more detailed summary will be in another ITT article):
The Commerce Department published notices in the Federal Register Oct. 15 on the following AD/CV duty proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms or effective dates will be detailed in another ITT article):
The Commerce Department intends to add an exemption from antidumping and countervailing duties for certain types of wheel studs, the agency said in the initiation and preliminary results of a changed circumstances review of the AD order on alloy and certain carbon steel threaded rod from China (A-570-104) and the CVD order on carbon and alloy steel threaded rod from China (C-570-105).
The Commerce Department has published the final results of the antidumping duty administrative review on lightweight thermal paper from China (A-570-920). Commerce continued its preliminary finding in the final results, that all three exporters under review -- Guangdong Guanhao High-Tech, Guangdong Polygon New Materials, and Henan Jianghe Paper -- did not demonstrate independence from state control, assigning them a China-wide AD duty rate of 115.29%. Commerce will assess AD at this rate on subject merchandise exported by these three companies and entered between Nov. 1, 2022, and Oct. 31, 2023. A 115.29% AD duty cash deposit rate takes effect Oct. 15 for subject merchandise exported by each of these three companies.
The Commerce Department released the final results of its countervailing duty administrative review on narrow woven ribbons with woven selvedge from China (C-570-953). Commerce will use the rates set in this review to set importer assessments on entries from the two companies under review for calendar year 2022. Effective Oct. 16, Commerce will require CVD cash deposits from the companies under review as follows: