President-elect Donald Trump tweeted a threat on Nov. 30 that he had earlier made on the campaign trail -- that he will impose 100% tariffs on exports from countries who try to create a workaround to trading in dollars, the world's reserve currency.
If President Trump were to impose 25% tariffs on all Mexican and Canadian imports, because he believes those countries are not doing enough to stop migration and drug trafficking, no industry would be hurt more than the auto industry.
The International Trade Commission published notices in the Nov. 29 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 Nov. 29 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 said it's rescinding the administrative review of the countervailing duty order on steel concrete reinforcing bar (rebar) from Turkey (C-489-830) for the period of review Jan. 1, 2023, through Dec. 31, 2023, because there were no reviewable, suspended entries of subject merchandise during the review period for Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S (Habas), the only company for which the review was requested. The cash deposit rates will not change, and the current cash deposit requirements will remain in effect until further notice. Because the review has been rescinded, the entries to which this administrative review pertained will be assessed CVD at rates equal to the cash deposit of estimated CVD required at the time of entry, or withdrawal from warehouse, for consumption, it said.
The Commerce Department said it's rescinding the administrative review of the antidumping duty order on ceramic tile from China (A-570-108) for the period of review June 1, 2023, through May 31, 2024, because there were no reviewable, suspended entries of subject merchandise during the review period for either of the two companies for which the review had been requested -- Cayenne Corporation Ltd. and Foshan Qiangshengda Building Material Co. Ltd. Commerce will instruct CBP to assess AD on all appropriate entries, at rates equal to the cash deposit of estimated AD required at the time of entry, or withdrawal from warehouse, for consumption, it said.
The Commerce Department has published the final results of the antidumping duty administrative review on citric acid and certain citrate salts from Thailand (A-549-833). These final results will be used to set final assessments of AD duties on importers for subject merchandise entered July 1, 2022, through June 30, 2023.
The Commerce Department has published the final results of the countervailing duty administrative review on pasta from Italy (C-475-819). Rates set in these final results will be used for final assessments of CVD on importers for subject merchandise entered in calendar year 2022.
The Commerce Department has released the final results of its countervailing duty administrative review on glycine from India (C-533-884). It said it made changes to its preliminary results of this review based on comments received. The agency set a new CVD cash deposit rate -- 6.03%, up from the preliminary rate of 2.01% -- for exporters of subject merchandise Kumar Industries, India and cross-owned affiliates Advance Chemical Corp., Rexisize Rasayan Industries and Reliance Corp. These final results will be used to set final assessments of CVD on importers for subject merchandise entered during calendar year 2022.
On Nov. 27, the FDA posted new and revised versions of the following Import Alerts on the detention without physical examination of: