⚖️Continuation of Antidumping and Countervailing Duties on Magnets
Raw Flexible Magnets From the People's Republic of China and Taiwan: Continuation of Antidumping Duty Orders and Countervailing Duty Order
Summary
As a result of the determinations by the U.S. Department of Commerce (Commerce) and the U.S. International Trade Commission (ITC) that revocation of the antidumping duty (AD) orders on raw flexible magnets from the People's Republic of China (China) and Taiwan, and revocation of the countervailing duty (CVD) order on raw flexible magnets from China would likely lead to the continuation or recurrence of dumping, countervailable subsidies, and material injury to an industry in the United States, Commerce is publishing a notice of continuation of the AD orders and the CVD order.
Agencies
- Commerce Department
- International Trade Administration
Business Impact
$$ - Med
The text discusses the continuation of antidumping and countervailing duties on raw flexible magnets from China and Taiwan, which directly impacts pricing and compliance for businesses importing these products. Businesses must adhere to these duties to avoid legal repercussions and financial losses.