Freight risk
Canadian port workers resumed a general strike, resulting in a large backlog of containers, which is expected to cause more supply chain disruptions and risk aggravating inflation, and will play a certain role in pushing up the US line.
Maersk announced that it will increase the freight rate (FAK) of the Far East to Mediterranean route from July 31, covering the range from major ports in Asia to five ports including Barcelona, Istanbul, Koper, Haifa and Casablanca.
Trade friction
✦ The United States intends to initiate a Section 337 investigation on my specific power converter module and the computing system containing the module, and Foxconn Industrial Internet Co., Ltd. is listed as the defendant in the mainland. The ITC is expected to decide on or about August 12, 2023 whether to initiate an investigation into the case.
✦ Recently, the European Union made an affirmative preliminary ruling on the anti-dumping of bulbous flat steel originating in China and Turkey, and initially ruled that the provisional anti-dumping duty for Chinese enterprises is 14.7%. The product involved is a non-alloy bulb flat steel with a width not exceeding 204 mm, involving products under the EU CN code ex 7216 50 91 (TARIC code is 7216 50 91 10).
✦ Recently, Mexico launched the fourth anti-dumping sunset review investigation on welded steel chains originating in my country regardless of the import source. The dumping investigation period is from April 1, 2022 to March 31, 2023, and the damage investigation period is from April 1, 2018 to March 31, 2023. From December 12, 2022, the TIGIE tax code of the products involved will be changed to 7315.82.91. The announcement will take effect from the day after it is issued. Stakeholders should register to respond to the lawsuit, submit questionnaires, comment opinions and evidence within 28 working days from the day after the announcement.
✦ Recently, the United States launched an anti-circumvention investigation on steel screws and carbon alloy steel screws imported from my country to review whether carbon alloy steel screws made of non-threaded screws imported from China and produced in the United States have circumvented the current anti-dumping and countervailing measures.
Post time: Jul-26-2023