Bessent Presses Japan on Fiscal Policy as Yen Struggles 
European Stocks Rally After Fed Hike, Iran Peace Hopes 
UK Inflation Rises to 3.1% Ahead of BoE Rate Decision 
Trump Hopes Iran War Nears End as Yemen Fighting Escalates 
Vietnam, U.S. Firms Plan 29 Deals Across Energy, Tech and Aviation 
Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease 
Asian Stocks Rise as Oil Falls, BOJ Rate Decision in Focus 
Trump Threatens EU Tariffs Over Canada Membership Proposal 
Yen Sinks as BOJ Rate Hike Fails to Impress Markets 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
BOJ Set for Rate Hike as Inflation and Yen Pressure Mount 
Add as a preferred source on Google
Yesterday, U.S. Commerce Department announced that it has finished its preliminary investigations on imports of rubber bands from China and found that Chinese exporters received countervailing subsidies to the tune of $125.77 million. The investigation was initiated based on a petition filed by Alliance Rubber Company of Arizona.
The department has now asked the U.S. Customs and Border Protection Agency (CBP) to collect cash deposits from importers based on the above-mentioned rate. According to the department’s calculations, U.S. imported $4.9 million worth of rubber bands from China in 2017.
The Commerce Department has significantly stepped up AD & CVD (Countervailing duties) investigations and actions under the Trump administration. The number of investigations initiated and settled in the first 529 days is 30 percent more than the previous administration.
