Recently, the U.S. Department of Commerce once again launched a trade investigation into Raw Flexible Magnets imported from the mainland of China. This is the third anti-dumping and countervailing sunset review investigation. At the same time, the third anti-dumping sunset review investigation has also been launched on similar products imported from China Taiwan.
The U.S. International Trade Commission (ITC) has also launched a related industry damage investigation to assess whether these imported products will cause persistent or recurring substantial damage to U.S. and Chinese industries in the foreseeable future if the current anti-dumping and countervailing measures are lifted. According to the announcement, relevant interested parties must complete the registration of responding to the lawsuit with the U.S. Department of Commerce within 10 days after the announcement is issued. In addition, they will be required to submit feedback to the ITC by July 3, 2024, and to submit comments to the ITC on the adequacy of the feedback provided by August 9, 2024.
According to the Carbon Black Industry Network, this is not the first time that the United States has launched a trade investigation into such products. As early as 2007, the United States initiated both anti-dumping and countervailing investigations against unprocessed rubber magnets originating in the mainland of China, and launched anti-dumping investigations against similar products originating in China Taiwan. Subsequently, in 2008, 2013 and 2019, the U.S. Department of Commerce conducted multiple sunset review investigations and rapid sunset review final rulings on such products.
