The U.S. Court of International Trade (USCIT) put the brakes on the Particular Market Situation (PMS), which is a method the U.S. Department of Commerce has used in imposing high tariffs on South Korean steel. South Korean steel companies are anticipating that the court’s recent decision will help t
The U.S. government has escalated its trade war with China by restricting exports of U.S. semiconductor production equipment to a Chinese state-backed chipmaker.According to wire reports, the U.S. Department of Commerce said on Oct. 30 that it had put Fujian Jinhua Integrated Circuit Co. (JHICC) on
The United States has eliminated its anti-dumping duty on polyethylene terephthalate (PET) resin from South Korea.According to the Korea International Trade Association, the U.S. Department of Commerce made the decision on October 18 (local time) based on its anti-dumping investigation into the item
The United States slapped a high tariff on Korean steel products once again by finding fault with POSCO’s hot-rolled steel plates.According to the steel industry on October 10, the U.S. Department of Commerce recently laid a preliminary tariff of 30.61 percent on the heavy walled rectangular welded
The first exception item since the implementation of the U.S. quota on South Korean steel four months ago appeared on September 17 (local time), when the U.S. Department of Commerce accepted U.S.-based Mirco Stamping’s exception request with regard to SL Tech products.Mirco Stamping has used SL Tech
The U.S. Court of International Trade (CIT) has ruled that the current tariff on POSCO’s hot-rolled steel sheets is unreasonable. Until recently, the U.S. Department of Commerce imposed excessive tariffs on South Korean steel for using POSCO products.According to industry sources on September 12, th
The U.S. Department of Commerce has imposed a hefty 60.81% provisional tariff on Hyundai Electric's transformers once again. The decision came out less than one month after the U.S. Court of International Trade put the brakes on the department’s unreasonable tariff imposition practice.According
The Donald Trump administration has determined that a retaliatory tariff should not be imposed on a South Korean product for the simple reason that it is made of South Korean steel. This decision seems to take into account the cost burden U.S. producers of finished goods that use Korean manufactured
The U.S. Department of Commerce has decided to impose a retaliatory tariff of 30.85% on Hyundai Steel’s circular welded non-alloy steel pipes. Previously, similar decisions were made on South Korean line pipes and oil country tubular goods (OCTG) as well.The department recalculates its tariffs on di
The U.S. Department of Commerce provisionally decided to lower its retaliatory tariff on POSCO’s cold-rolled steel sheets from 59.72% to 42.61% following a ruling by the U.S. Court of International Trade (USCIT). Similar adjustments are anticipated as the court is looking into tariffs on many other
The US government has imposed an over 100% anti-dumping duties on Korean chemical products after slapping heavy anti-dumping duties on steel products from South Korea.On May 2, the U.S. Department of Commerce made a preliminary anti-dumping ruling on PET resin imported from South Korea. According to