Trade Update – September 4, 2023

KEY TRADE REMEDIAL UPDATES

Subject countries	Product	Investigation	Particulars
USA (Department of Commerce/International Trade Commission)
Portugal	Certain Uncoated Paper	AD	Notification of final results of anti-dumping duty administrative review.
India, Indonesia, and South Korea	Cut-to-Length Carbon-Quality Steel Plate	AD, CVD	Notification of United States International Trade Commission’s determination pertaining to continuation or recurrence of material injury to an industry in the United States upon revocation of the anti-dumping duty and countervailing duty orders.
China	Foundry Coke	AD	Notification of the scheduling of an expedited review to determine whether revocation of the anti-dumping duty would likely to lead to continuation or recurrence of material injury.
Brazil	Certain Uncoated Paper	AD	Notification of amended final results.
Vietnam	Gas Powered Pressure Washers	AD, CVD	Notification of final affirmative determination of sales at less than fair value and final affirmative determination of critical circumstances.
China	Certain Polyester Staple Fiber	AD	Notification of United States International Trade Commission’s determination, that revocation of the anti-dumping duty and orders would be likely to lead to continuation or recurrence of material injury to an industry in the United States.
Taiwan	Certain Circular Welded Carbon Steel Pipes and Tubes and Circular Welded Non-Alloy Steel Pipe	AD	Notification of negative final determinations of circumvention of the anti-dumping duty orders.
Italy	Forged Steel Fluid End Blocks	CVD	Notification of final results of countervailing duty administrative review 2020-21.
Korea	Large Power Transformers	AD	Notification of initiation and preliminary results of anti-dumping duty changed circumstances review.
Mexico	Steel Concrete Reinforcing Bar	AD	Notification of amended final results of anti-dumping duty administrative review 2020-21.
China and India	Lined Paper School Supplies	AD, CVD	Notification of the United States International Trade Commission that the revocation of the countervailing duty order on lined paper school supplies from India and the anti-dumping duty orders on lined paper school supplies from China and India would be likely to lead to continuation or recurrence of material injury to an industry in the United States within a reasonably foreseeable time.
India	Stainless Steel Flanges	CVD	Notification of final results of the expedited first sunset review of the countervailing duty order.
United Arab Emirates	Steel Nails	AD	Notification of United States International Trade Commission’s determination that the revocation of the anti-dumping duty order on steel nails from the United Arab Emirates would be likely to lead to continuation or recurrence of material injury to an industry in the United States within a reasonably foreseeable time.
China	Sodium Gluconate, Gluconic Acid, and Derivative Products; Xanthan Gum	AD, CVD	Advance notification of sunset review.
India	Certain Frozen Warmwater Shrimp	AD	Notification of final results of anti-dumping duty administrative review 2021-2022.
China	Tapered Roller Bearings	AD, CVD	Notification of initiation of five-year sunset review.
India	Stainless Steel Bar
South Korea	Large Power Transformers
China	Certain Steel Wheels	AD, CVD	Notification of scope ruling applications filed in anti-dumping and countervailing duty proceedings.
China	Certain Pea Protein	AD, CVD	Notification of respective investigation, the United States International Trade Commission determines, that there is a reasonable indication that an industry in the United States is materially injured by reason of imports of certain pea protein from China.
South Korea	Large Power Transformers	AD	Notification of institution of a five-year review.
India	Stainless Steel Bar	AD	Notification of institution of a five-year review.
China	Tapered Roller Bearings	AD	Notification of institution of a five-year review.
Canada, China, Germany, the Netherlands, South Korea, Taiwan, Turkey, and the United Kingdom	Tin Mill Products	AD, CVD	Notification of scheduling the final phase of countervailing duty and anti-dumping duty investigations.
United Kingdom (Trade Remedies Authority)
China	Hot-rolled Flat and Coil Products	AD	Notification of final determination on transition review of an anti-dumping measures.
China	Hot-rolled Flat and Coil Products	CVD	Notification of final determination on transition review of countervailing duties.
Russia, Ukraine, Brazil and Iran	Hot-rolled Flat and Coil Products	AD	Notification of final determination on transition review of an anti-dumping measures.
India (Directorate General of Trade Remedies)
China	Toughened Glass for Home Appliances having thickness between 1.8MM to 8MM and area of 0.4 SqM or less	AD	Notification of final findings pertaining to anti-dumping investigation.

WTO, FTAs

• DG Okonjo-Iweala: turning away from open trade risks price volatility, weaker growth.
• Japan to use WTO tools to respond to China’s seafood import ban.
• The WTO Public Forum programme is now available.
• Sweden gives SEK 15 million to help developing economies deepen their trade know-how.
• Canada pauses negotiations on free trade agreement with India.
• UK PM Sunak sees no quick-fix trade deal with India, deadline now ‘off the table’.
• China, Nicaragua signs free trade agreement.
• Australia, EU restart trade talks in bid to break FTA deadlock.

TRADE POLICY

USA

• Donald Trump raises India tax issue, threatens reciprocal tax upon returning to power.
• US announces preliminary tariffs on foreign tin used in canning seafood.
• US extends China chip curb waiver for Taiwan and South Korea’s fabs .

UK

• UK urged to give clarity on potential delay to Brexit border checks

India

• India may junk 2016 model for bilateral investment treaties with UK, EU.
• Onion buffer raised to 0.5 MT; procurement stepped up.
• India’s central bank urges lenders to de-dollarize trade with the UAE using local currencies.
• India, Iran drop arbitration clause for Chabahar port.
• India considers mutual recognition agreement to expedite cargo clearance process
• Indian steel tycoon Jindal seeks tariff on imports.
• With Tesla push, India mulls import tax cut if EV makers build locally.
• Steel ministry to review CBAM preparedness of India’s steel mills.
• India, ASEAN to conclude trade pact review by 2025.

CUSTOMS

• Notification of an export tariff of 20% on parboiled rice.
• Notice of a quality control order (QCO) on solar DC and fire survival cables.
• Notification of a QCO on cast iron products.
• Notification of a draft QCO on safes, deposit lockers, and key locks at the WTO.

SANCTIONS

• EU’s 11th sanctions package against Russia seeks to prevent the circumvention of sanctions.
• The UK government levied a £1 million fine on an unnamed exporter for breach of Russia sanctions.
• US sanctions military leaders accused of exacerbating violence in eastern Congo.
• EU concerned with Indian petroleum products made from Russian crude oil being exported to its market.
• US Treasury expands Myanmar-related sanctions and designates additional jet fuel suppliers in Myanmar.

Disclaimer: The information contained in this document is intended for informational purposes only and does not constitute legal opinion or advice. This document is not intended to address the circumstances of any individual or corporate body. Readers should not act on the information provided herein without appropriate professional advice after a thorough examination of the facts and circumstances of a situation. There can be no assurance that the judicial/quasi-judicial authorities may not take a position contrary to the views mentioned herein.