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Yesterday, the U.S. Commerce Department said in a statement that it has found that the exporters of ripe olives from Spain are dumping products at a much lower rate and exporters are receiving countervailing subsidies. The continued actions taken up the Commerce Department suggests that the Trump administration would use all the tools in the toolbox to counter United States’ massive trade deficit with rest of the world.
According to the statement, the department has found that exporters have sold ripe olives to the United States at 16.88 to 25.50 percent less than fair value and received countervailing subsidies to the tune of 7.52-27.02 percent.
According to the department’s calculation, the United States imported ripe olives worth $67.6 million from Spain.
The Commerce Department has initiated 118 AD/CVD investigations under Trump administration, which is 59 percent more than under the Obama administration.
