Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data 
U.S. Stock Futures Flat Ahead of July CPI Data 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
Dollar Steady as Markets Await U.S. Inflation Data 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
Add as a preferred source on Google
Yesterday, U.S. Commerce Department slapped anti-dumping duty (AD) on imports low melt polyester staple fiber from South Korea and Taiwan as it announced final results of an AD investigation that was initiated by the petition filed by Nan Ya Plastics Corporation, America from South Carolina.
According to the U.S. Commerce Department, the investigations have found that exporters from Korea have sold low melt polyester fiber in the United States at 0.00 – 16.27 percent less than fair value and exporters from Taiwan sold 49.93 percent less than the fair value. The department has asked the U.S. customs and border protection agency (CBP) to collect cash deposits from importers based on these rates. According to the department’s calculation, the imports of the above product amounted to $75.5 million in 2017 from South Korea and $26.9 million from Taiwan.
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 is 59 percent more than the previous administration.
