Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Brent Oil Jumps 16% for Best Week Since April as US-Iran Conflict Fuels Supply Fears 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Trump Threatens Higher Canada Tariffs as Wildfire Smoke Sparks U.S. Air Quality Crisis 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Yesterday, the U.S. Commerce Department concluded its preliminary investigations into imports of certain plastic decorative ribbon from China and it has found that exporters from China are selling the above-mentioned product in the United States at 45.16 to 370.04 percent less than fair value. 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 this item.
The investigation was initiated based on a petition filed by Berwick Offray, LLC (Berwick, PA). The final announcement on the investigation will come by 16th October.
According to the department’s calculations, the imports of forged steel fittings from Taiwan were valued at $22.5 million 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.
