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Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks 
Japan Revises Economic Blueprint to Reassure Markets on BOJ Independence 
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Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market 
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South Korea’s KOSPI Plunges as Samsung, AI Chip Stocks Trigger Market Sell-Off 
Yesterday, the U.S. Commerce Department concluded its preliminary investigations into imports of Glycine from India, Thailand, and Japan and it has found that exporters are receiving dumping the products at rates below their fair value,
- Japan – 10.86-80.49 percent
- India – 53.66-86.22 percent
As a result of the findings, the commerce department has asked the U.S. customs and border patrol (CBP) agency to collect cash deposits from importers of the item based on these preliminary rates. The final decision will come by April next year.
The investigation was initiated based on petitions filed by GEO Specialty Chemicals, Inc. of Indiana and by Chattem Chemicals, Inc. of Tennessee.
According to the department’s calculations, the imports of cast iron soil pipes from India and Japan were valued at an estimated $6.7 million, $9.5 million respectively in 2017.
Under President Trump, the U.S. Commerce Department has significantly stepped up its investigations into foreign malpractices in trade and the number of investigations initiated is 186 percent more than the previous administration.
