Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Thailand Inflation Remains Negative for 10th Straight Month in January 
India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth 
Yesterday, the U.S. Commerce Department concluded its preliminary investigations into imports of Glycine from India, Thailand, and China and it has found that exporters are receiving countervailable subsidies at the following rates,
- China – 144.01 percent
- India – 3.03 to 26.07 percent
- Thailand – 0.00 percent
As a result of the findings, the commerce department has asked the U.S. customs and border patrol (CBP) agency to collect cash deposits from importers of the item based on these preliminary rates. The final decision will come by January next year for Thailand and India and the coming November for China.
The investigation was initiated based on petitions filed by GEO Specialty Chemicals, Inc. of Indiana and by Chattem Chemicals, Inc. of Tennessee.
According to the department’s calculations, the imports of cast iron soil pipes from China, India, and Thailand were valued at an estimated $1.1 million, $6.7 million, and $4.4 million respectively in 2017.
Under President Trump, the U.S. Commerce Department has significantly stepped up its investigations into foreign malpractices in trade and the number of investigations initiated is 186 percent more than the previous administration.
