European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Slide as OPEC, IEA Cut 2026 Demand Forecasts 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
Add as a preferred source on Google
Under the Trump administration, the U.S. commerce department, under the guidance of Secretary Wilbur Ross continues to take a tough stance on countries that have used unfair means to promote exports.
On Friday night, U.S. commerce department announced the final countervailing duties (CVD) on imports of biodiesel from Argentina and Indonesia. According to the commerce department, in the antidumping duty (AD) investigations of biodiesel from Argentina and Indonesia, the exporters in the two countries sold this merchandise in the United States at dumping margins of 71.48 to 72.28 percent and 34.45 to 64.73 percent, respectively. The commerce department has asked U.S. customs and border protection agency to collect cash deposits from importers based on these rates.
In 2016, imports of biodiesel from Argentina and Indonesia were valued at an estimated $1.2 billion and $268 million, respectively.
Commerce Secretary, Mr. Ross said, “The unfair government subsidization of products is something the Department takes very seriously….While the United States is committed to free, fair and reciprocal trade with all countries, the Trump Administration will stand up for American workers and companies being unfairly harmed.”
Under Trump administration, Antidumping (AD) and CVD investigations have increased by 61 percent compared to the same period in 2016. 77 investigations have been initiated by the new administration since assuming power.
