Review Category : News

US President Donald Trump’s state visit to Vietnam last month helped to open the door wider for Vietnam’s fruit exports, further strengthening the two nations’ agricultural co-operation.

The US Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) announced that it will soon allow the importation of fresh mango from Vietnam into the continental US, effective December 29, 2017.

Read More →

Dec 5, the U.S. Department of Commerce announced preliminary affirmative rulings that corrosion-resistant steel (CORE) and certain cold-rolled steel flat products (cold-rolled steel) imported from the Socialist Republic of Vietnam (Vietnam) produced from substrate originating in the People’s Republic of China (China) are circumventing existing antidumping and countervailing duty (AD/CVD) orders on CORE and cold-rolled steel imported from China.

As a result of today’s announcement, Commerce will instruct Customs and Border Protection (CBP) to begin collecting cash deposits on imports of CORE and cold-rolled steel produced in Vietnam using Chinese-origin substrate.

CBP will collect AD and CVD cash deposits on imports of CORE produced in Vietnam using Chinese-origin substrate at rates of 199.43 percent and 39.05 percent, respectively. CBP will also collect AD and CVD cash deposits on imports of cold-rolled steel produced in Vietnam using Chinese-origin substrate at rates of 265.79 percent and 256.44 percent, respectively.

U.S. law provides that Commerce may find circumvention of AD/CVD orders when merchandise that is the same class or kind as merchandise subject to existing orders is completed or assembled in a third country prior to importation into the United States.

These cash deposit rates were previously established in the investigations on cold-rolled steel and CORE from China. Duties will apply to all shipments entering the United States on or after November 4, 2016, the date the circumvention inquiries were initiated, that remain unliquidated. Importers and exporters of Vietnamese merchandise that is produced from substrate originating in Vietnam or a third-country have the option of seeking an exemption from cash deposits by certifying that the substrate originated outside of China.

Shipments of CORE from Vietnam to the United States increased from two million dollars to $80 million after preliminary duties were imposed on Chinese products in 2015. Likewise, shipments of cold-rolled steel from Vietnam to the United States increased from nine million dollars to $215 million after preliminary duties were imposed on Chinese products in 2015.

These inquiries were conducted pursuant to requests from U.S. domestic producers of CORE and cold-rolled steel: Steel Dynamics, Inc. (IN), California Steel Industries (CA), AK Steel Corporation (OH), ArcelorMittal USA LLC (IN), Nucor Corporation (NC), and United States Steel Corporation (PA).

Commerce is currently scheduled to announce its final determinations in these inquiries on February 16, 2018.

The U.S. Department of Commerce’s Enforcement and Compliance unit within the International Trade Administration is responsible for vigorously enforcing U.S. trade laws and does so through an impartial, transparent process that abides by international law and is based solely on factual evidence.

Read more …

U.S. Steel files ITC complaint against the largest Chinese steel producers and their distributors 

U.S. to investigate alleged Chinese steel transshipments via Vietnam, Nov 14, 2016.

Read More →

according to David Malpass, Treasury Undersecretary for International Affairs, in an interview with the Financial Times on Nov 30. He said that the Comprehensive Economic Dialogue with Beijing is “stalled” and that there are no plans to revive talks.

The administration has put its main programme for bolstering economic relations with China on ice as it complains about the two countries’ swollen trade imbalance, and says Beijing’s efforts to liberalise its economy have gone into reverse.

The decision comes after the dialogue between the two countries in July ended without any tangible progress.

The U.S. wants to work with other major economies to come up with a united response to what America sees as China’s foot dragging on economic changes, ranging from reforming state-owned enterprises to curbing the ruling party’s role in the economy, said David Malpass.

“We are concerned that China’s economic liberalization seems to have slowed or reversed, with the role of the state increasing,” Malpass said at an event in New York on Nov 30. “We invite market-oriented economies around the world to work with us to find constructive responses.”

The remarks may raise tensions at a time when the world’s two biggest economies are struggling to find common ground on economic policy. In separate interview with Bloomberg TV, Malpass said talks have stalled between the two countries through their main channel of regular discussions on economic and commercial matters.

Bloomberg news. Malpass on U.S. – China Trade , Nov 8, 2017.

U.S. Rebukes China for Backing Off Market Embrace, Bloomberg News, Dec 1, 2017

Trump puts talks to boost U.S. – China economic ties on ice, Financial Times, Dec 1, 2017.

Read More →