The Commerce Department intends to end antidumping and countervailing duties on stainless steel flanges made to SAE J518 or ISO 6162 specification, the agency said in the initiation and preliminary results of a changed circumstances review of the AD/CVD orders on stainless steel flanges from China (A-570-064/C-570-065) and India (A-533-877/C-533-878).
PHILADELPHIA -- Getting the funding for ACE 2.0 is the biggest challenge, the executive director of CBP's trade transformation office said. He said the agency was unsuccessful in the budgetary process, and asked industry to lobby their representatives for funding.
The Commerce Department has released amended final results of the antidumping duty administrative review on cold-rolled steel flat products from South Korea (A-580-881) that were used to set final assessments of AD on importers for subject merchandise entered Sept. 1, 2021, through Aug. 31, 2022 (see 2402220060). The amendment came as the result of a ministerial error allegation from Steel Dynamics, Inc. Commerce said it agreed with the allegation, which pointed out that in calculating a countervailing duty export subsidy offset for Hyundai Steel Company, Commerce adjusted Hyundai's U.S. price by 4% instead of by the intended 0.04%. The correction results in a change to two AD rates published Feb. 23 in the original final results. The new rates are effective March 28.
CBP has released its March 27 Customs Bulletin (Vol. 58, No. 12), which includes the following ruling actions:
PHILADELPHIA -- When CBP ran an audit to estimate how many packages that enter under de minimis violate Customs laws, it found about 9% did, either through misclassification, insufficient documentation, or more serious violations, like smuggling narcotics.
The Commerce Department has published a correction to the final results of the antidumping duty administrative review on steel nails from Malaysia (A-557-816), which were published Feb. 6. There were no rate changes to the final results, which will be used to set final assessments of AD duties on importers for subject merchandise entered July 2021 through June 2022.
House Ways and Means Committee members, in hallway interviews at the Capitol, said they're concerned that the Senate's unwillingness to take up a tax package that passed the House with more than 350 votes will delay movement on bringing back the Generalized System of Preferences trade benefits program.
CBP issued the following releases on commercial trade and related matters:
Although the ranking member on the House Ways and Means Trade Subcommittee has been pushing to exclude Chinese goods from de minimis (see 2403060089), interviews this week with a half-dozen members of the 42-person committee show the momentum for changing the law is fairly muted.
A European Parliament committee this week approved an updated version of new EU-wide supply chain due diligence rules that represent a narrower version from the original proposal but would still require certain companies to conduct specific due diligence on their supply chains to address various environmental and social concerns.