Gold Prices Drop as Trump Escalates Iran Threats, Oil Surges 
Japan's Services Sector Growth Slows in March Amid Rising Middle East Tensions 
U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict 
U.S. Futures Drop as Trump Issues Iran Military Deadline, Oil Prices Jump 
Asian Markets Rally on Iran Ceasefire Hopes as US-Iran Tensions Simmer 
Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
China's Services Sector Maintains Growth Streak Despite March Slowdown 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The United States is gradually tilting the level playing field towards balance as the Commerce Department continues to crack down on unfair trade policies pursued by other countries, especially by China. Based on a petition filed by Dexstar Wheel, a division of Americana Development, Inc. on August 8, 2018, the U.S. Commerce Department announced yesterday that it is opening countervailing (CVD) and Anti-Dumping Duty (AD) investigations into imports of Steel wheels from China with the diameter between 12-16.5 inches.
The petitioner alleged that exporters from China are dumping the above-mentioned product at margins ranging from 30.48 to 44.35 percent below the fair value. The petitioner also alleged that there 52 subsidy programs are currently in play that aid the Chinese exporters.
In 2017, U.S. imports of steel wheels of 12 to 16.5 inches in diameter from China were valued at an estimated $73.8 million.
The department will announce the preliminary findings before September end and the final results by January next year.
