Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
Iran War Escalates as US, Houthis Target Ships Near Key Oil Routes 
Gold Price Hits Two-Month High as Investors Await US Inflation Data 
Australia Sets New Minimum Pay, Insurance Rules for Gig Workers 
Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise 
U.S. Stock Futures Flat Ahead of July CPI Data 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Australia Housing Crisis Deepens as Worker Shortages Delay Homebuilding 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
Add as a preferred source on Google
Yesterday, the U.S. Commerce Department concluded its final investigations into imports of uncoated groundwood paper from Canada and it has found that one exporter from Canada is selling the above-mentioned product in the United States at 16.88 percent less than fair value. In addition, the Department of Commerce found that Canada is providing countervailable subsidies to producers of uncoated groundwood paper ranging from 0.82-9.81 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 final rates.
The investigation was initiated based on a petition filed by North Pacific Paper Company (WA).
According to the department’s calculations, the imports of groundwood paper from Canada were valued at an estimated $1.21 billion 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 216 percent more than the previous administration.
