The US Department of Commerce is preparing to tax aluminum sheet exporters from Taiwan and 17 other countries after on Tuesday determining that they had benefited from subsidies and dumping.
The US International Trade Commission (ITC), an independent body, must approve the decision by April 15 to impose anti-dumping or countervailing duties, a department statement said.
The investigation, launched under former US president Donald Trump’s administration, had been requested by nearly a dozen US aluminum alloy manufacturers, including Arconic Inc and Aleris Rolled Products Inc, which said that they were affected by competing imports at lower prices.
US President Joe Biden’s administration determined that imports from Germany in particular (US$287 million in 2019) benefited from dumping ranging from 40 to 242 percent.
The same is true for aluminum alloy sheets from Bahrain (US$241 million), which the Biden administration said benefited from pricing below the cost of production or the local market of 83 percent.
Imports from India (US$123 million) have benefited from subsidies of 35 to 89 percent, the investigation found.
In October last year, the Trump administration indicated that it had begun to levy preliminary duties in the investigation.
The other targeted countries are Taiwan, Brazil, Croatia, Egypt, Greece, Indonesia, Oman, Romania, Serbia, Slovenia, South Africa, South Korea, Spain and Turkey.
“If the ITC makes affirmative final injury determinations, Commerce will issue AD or CVD orders,” the department said, referring to anti-dumping or countervailing duties orders.
The department said that 559 orders on various imports are in effect to “provide relief to American companies and industries impacted by unfair trade.”
“Foreign companies that price their products in the US market below the cost of production or below prices in their home markets are subject to AD duties,” it said. “Foreign companies that receive unfair subsidies from their governments, such as grants, loans, equity infusions, tax breaks, or production inputs, are subject to CVD duties aimed at directly countering those subsidies.”
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
RSS