Back

US Department of Commerce finds dumping and countervailable subsidization of imports of aluminium wire and cable from China

Early Wednesday morning in Asia, the US Department of Commerce (DOC) came out with the communication of ordering the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of aluminum wire and cable from China.

The notice says that the US DOC finds that exporters from this country have sold aluminum wire and cable at less than fair value in the United States at rates of 58.51% to 63.47%. In addition, Commerce determined that exporters from China received countervailable subsidies at rates of 33.44 percent to 165.63 percent.

It was further mentioned that the US International Trade Commission (ITC) is currently scheduled to make its final injury determinations on or about December 2, 2019. If the ITC makes affirmative final injury determinations, Commerce will issue AD and CVD orders. If the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued.

AUD/USD stays under pressure around 100-day EMA, eyes on RBA’s Kent’s speech

Following its pullback from the five-week high, AUD/USD holds on to weakness while trading around 0.6850 at the start of Wednesday’s Asian session.
আরও পড়ুন Previous

New Zealand Trade Balance (MoM) came in at $-1242M, below expectations ($-1112M) in September

New Zealand Trade Balance (MoM) came in at $-1242M, below expectations ($-1112M) in September
আরও পড়ুন Next