Earlier this week, the U.S. Commerce Department announced preliminary results of the Anti-dumping Duty (AD) investigations on imports of uncoated groundwood paper from Canada. The investigations were initiated based on a petition filed by North Pacific Paper Company (WA).
The department has found that exporters from Canada have sold uncoated groundwood paper in the United States between 0.00 and 22.16 percent less than fair value, which is lower than the estimated dumping margins alleged by the petitioner of 23.45 to 54.97 percent. The department highlighted the reduction as a proof of transparent and a just process. The Commerce Department has asked the United States’ Customs and Border Protection Agency (CBP) to collect cash deposits from importers based on these rates.
According to the department’s calculations, imports of uncoated groundwood paper from Canada were valued at an estimated $1.27 billion in 2016.
Since coming to power the Trump administration has initiated 102 antidumping and countervailing duty investigations, a whopping 96 percent increase from the previous period. The statement from the department quoted the Commerce Secretary Wilbur Ross as saying, “President Trump made it clear from the beginning that we will vigorously administer our trade laws to provide U.S. industry with relief from unfair trade practices……..Today’s decision follows an open and transparent investigation in accordance with the applicable laws, regulations, and administrative practices that ensured a full and fair review of the facts.”


New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited
South Korea Warns Weak Won Could Push Inflation Higher in 2025
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 



