Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Yesterday, the U.S. Commerce Department announced that it has concluded its investigation into imports of steel racks from China and the department has found that exporters from China received benefits from 28 subsidy programs. The department would announce the Countervailing duty to be charged before September 13th.
In addition to that, the department has also found that Chinese exporters are dumping the above product at 130 to 144.5 percent less than the fair value. The Commerce Department has asked the U.S. customs and border protection agency (CBP) to collect cash deposits from importers based on the above rates.
The investigation was initiated based on a petition filed by Coalition for Fair Rack Imports, which has as many as 12 members. According to the department’s calculation, the imports of cast iron soil pipe from China were valued at $200 million in 2017.
The Commerce Department has significantly stepped up AD & CVD (Countervailing duties) investigations and actions under the Trump administration. The number of investigations initiated and settled is 32 percent more than the previous administration.
