trade remedies
The Trade Remedies category covers anti-dumping measures, countervailing duties, and safeguard policies used to protect domestic industries. It explores government interventions, WTO disputes, and regulatory frameworks, providing insights into how trade remedy actions impact businesses, global commerce, and supply chains.
Steel: US issues final AD/CVD duties on some steel imports from 10 partners inc. Vietnam
The US Department of Commerce has issued final affirmative determinations in antidumping (AD) and countervailing duty (CVD) investigations on corrosion-resistant steel (CORE) products from 10 countries including Vietnam.
Trade: US launches anti-circumvention probe into Vietnam’s aluminum containers
The US Department of Commerce (DOC) has initiated an anti-circumvention investigation into disposable aluminum containers, pans, trays, and lids imported from Vietnam and Thailand, citing possible evasion of duties on Chinese aluminum products, Vietnam News has reported. The investigation underscores growing US scrutiny of supply chain routes involving Vietnam, highlighting challenges for exporters who rely on Chinese inputs.
Steel: Vietnam imposes anti-dumping tax on Chinese hot-rolled steel from July
Vietnam’s Ministry of Industry and Trade has officially imposed anti-dumping taxes of 23.1 to 27.83 percent on certain hot-rolled steel products originating from China, effective from 6 July and set to last for five years, VN Express has reported.
Trade: Vietnam named in U.S. steel rebar trade petition alongside Algeria, Egypt, and Bulgaria
The Rebar Trade Action Coalition and its member companies filed a petition Wednesday with the U.S. Department of Commerce (DOC) and the U.S. International Trade Commission (ITC). The petitioners are seeking Antidumping duties (AD) on imports of steel concrete reinforcing bar (rebar) from Vietnam, Algeria, Egypt, and Bulgaria, and Countervailing duties (CVD) on imports from Vietnam, Algeria, and Egypt.
Steel: India imposes 12% duty on flat steel imports from Vietnam and China
India has imposed a 12 percent duty on flat steel imports from Vietnam and China for 200 days, aiming to shield its domestic steel sector from surging low-cost shipments of steel, according to The Hindu’s Business Line.
Vietnam imposes temporary anti-dumping duties on China, South Korea coated steel
Vietnam’s Ministry of Industry and Trade (MoIT) will issue temporary anti-dumping duties on certain coated steel products originating from China and South Korea per Decision 914/QD-BCT. The move aims to protect domestic manufacturers from a surge in low-priced imports, according to a statement on its website.
US DOC make final determination on frozen warmwater shrimp from Vietnam, others
The DOC’s preliminary determination for Vietnam, notes that ‘one or more respondents did not act to the best of their ability to respond to Commerce’s requests for information’. There being only two firms investigated from Vietnam, and given that the second Soc Trang Seafood Joint Stock Company, the other firm, received its own subsidy rate of 2.84 percent, it appears that the aforementioned statement explains Thong Thuan’s much higher subsidy rate…
Malaysia launches trade investigation into steel bars from Vietnam, others
Of note, this is the second anti dumping probe into steel bars launched this week with Australia announcing a similar investigation. This is in line with a growing number of antidumping and circumvention investigations on steel products exported from Vietnam…
Australia launches anti dumping probe into steel rebar from Vietnam, others
This latest investigation is in line with a growing number of antidumping and circumvention investigations on steel products exported from Vietnam…
US announces preliminary subsidy rates on solar panels from Vietnam, others
This comes on the back of a series of trade remedies investigations into imports from Vietnam under suspicion that they are actually mostly made in China and simply shipped through Vietnam to avoid anti-dumping duties on Chinese imports…
Vietnam-made tyres subject of South African anti–dumping investigation
This announcement is in line with a growing narrative around Chinese producers using third-countries, particularly in Southeast Asia to circumvent trade remedies. Of note, genuine Vietnamese producers and exporters often get caught up in these investigations. Whereas they can apply for separate antidumping rates, this still consumes time and resources that many local firms, on the back of broader economic challenges, may not have.
Vietnam steel pipes and tubes to face dumping duties in India
Of note, India also initiated an anti-dumping probe, at the request of the Indian Steel Association, back in August, into hot rolled coiled-steel from Vietnam. With this in mind, this latest piece of news may be an augur of things to come for Vietnam’s steel industry…
Japan’s Toyo Solar limits Vietnam solar panel production on trade investigation
Japan’s Toyo Solar is reducing its solar panel output at its Vietnam-base affiliate Vietnam Sunergy from 2.5 gigawatts this year to just 1.9 in response to a US trade investigation into solar panels from Vietnam, the company has said in a press release. The company goes on to say that it will wait for preliminary investigation results before making further moves…
Taiwan launches antidumping investigation into Vietnam cement
In the first seven months of 2024, Vietnam exported 18,227,814 tons of cement and clinker worth US$669.2 million. This was a decline of 13.3 percent over the same period in 2023. To Taiwan specifically, it exported 891,050 tons worth US$32,125,934, according to data from Vietnam’s General Department of Customs.
US critical circumstances allegations filed re: solar cells from Vietnam, Thailand
Essentially, it’s being alleged that firms in Vietnam and Thailand have increased the speed at which they export solar cells to the United States in order to avoid possible future antidumping and countervailing duties. This comes after an investigation was announced earlier this year into some solar imports from Southeast Asia.
EU standards warnings on Vietnam produce exports jump
This jump is in line with increased trade between the EU and Vietnam on the back of the European Union Vietnam Free Trade Agreement, commonly known as the EVFTA. Bu thought this agreement may have seen trade soar between the two partners it has also been somewhat challenging for Vietnam to implement. This is not just because of strict phytosanitary measures on produce entering the EU but a number of other stipulations in the agreement, particularly around workers rights.
Dumping complaint received by European Commission RE: Vietnamese steel
Trade remedies against Vietnam’s exports have increased significantly in recent years in large part due to Chinese firms using Vietnam as a thoroughfare to avoid tariffs on Chinese exports in other parts of the world. Electric bikes and solar panels, for example. It’s not clear that this is the case with HRC but if the EU finds as such it should not come as a surprise…
Vietnam market-economy review outcome postponed to August
Of note, Vietnam’s efforts to be redesignated a market economy for trade remedies purposes has been met with quite a bit of resistance in the United States. Its case for redesignation is also pretty shaky in a few areas, currency convertibility and government, for example. As such it’s not really clear which way the DOC might fall…
Vietnam paper plates unfairly subsidised 237.65 percent: US Department of Commerce
Five of the six firms investigated were found to be subsidised to the tune of 237.65 percent. Notably, four of these firms failed to respond to the DOC’s request for information at all, and one failed to provide all of the information requested. The sixth, Go-Pak Paper Products Vietnam, the only company to sufficiently engage with the DOC, was found to be subsidised by just 5.48 percent…
Vietnam officially considering anti dumping tariffs on Chinese steel
If anti dumping duties are introduced Hoa Phat Steel, which trades on the Ho Chi Minh City Stock Exchange under the ticker HPG, would likely be one of the key beneficiaries. Stocks in the firm are some of the most heavily traded on a near daily basis among foreign investors. Foreign ownership in the firm is currently capped at 49 percent with 24.92 percent of the company’s shares currently held by foreign traders.
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