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.”


Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 



