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Wednesday, 03 Mar 2021 01:50 PM MYT President Joe Biden’s administration determined that imports from Germany in particular (US$287 million in 2019) benefited from dumping ranging from 40 to 242 per cent. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. WASHINGTON, March 3 — The US Department of Commerce is preparing to tax aluminium sheet exporters from 18 countries after determining Tuesday they had benefited from subsidies and dumping. The US International Trade Commission (ITC), an independent body, must approve the final decision by A...

Early probe findings: Foreign methionine was illegally dumped in US The US Department of Commerce has announced its preliminary determination that methionine imports from France, Spain and Japan have been illegally dumped in the US. It is a win for US based methionine producer, Novus International Inc. who petitioned US authorities in July 2020 to formally investigate methionine imports from the countries of France, Spain and Japan consistent with the Antidumping Agreement of the World Trade Organization (WTO). The petitions included information regarding the incre...

When she takes office on 1 March , Dr Okonjo-Iweala will become the first woman and the first African to be chosen as Director-General. Her term, renewable, will expire on 31 August 2025. “This is a very significant moment for the WTO. On behalf of the General Council, I extend our warmest congratulations to Dr Ngozi Okonjo-Iweala on her appointment as the WTO's next Director-General and formally welcome her to this General Council meeting,” said General Council Chair David Walker of New Zealand who, together with co-facilitators Amb. Dacio Castillo (Honduras) and Amb. Harald As...

Arguing that America is harmed by other countries’ trade practices, President Donald Trump said on March 1 that the U.S. will impose a new 25 percent tariff on imported steel and 10 percent tariff on imported aluminum. “People have no idea how badly our country has been treated by other countries,” Trump said. Although China is the world’s largest producer and exporter of steel, it is only the 11th largest exporter of steel to the U.S., and the fourth largest exporter of aluminum to the U.S. —The Editors

Budget temporarily revokes anti-dumping, countervailing duties on several steel items February 02, 2021 Proposed amendments in ADD, CVD, safeguard measures to make trade remedies more effective The Budget has temporarily revoked anti-dumping and countervailing duties on a number of steel products to bring down input costs for domestic user industry such as engineering products. It has also proposed changes in the provisions related to anti-dumping duty (ADD), countervailing duty (CVD), and safeguard measures to be applicable from January 1, 2022, to make trade remedies more effective. Anti-d...