Commerce is currently scheduled to announce its final CVD determinations on or about February 9, 2021
The US Department of Commerce has recently announced affirmative preliminary determinations in the countervailing duty (CVD) investigations of imports of phosphate fertilizers from Morocco and Russia.
Commerce preliminarily determined that exporters received countervailable subsidies rates of 23.46 percent, and 20.94 percent to 72.50 percent, respectively.
As a result, Commerce will instruct US Customs and Border Protection (CBP) to collect cash deposits from importers of phosphate fertilizers from Morocco and Russia based on these preliminary rates.
In 2019, imports of phosphate fertilizers from Morocco and Russia were valued at approximately $729.4 million, and $299.4 million, respectively.
The strict enforcement of US trade law is a primary focus of the Trump Administration. Since the beginning of the current administration, Commerce has initiated 306 new antidumping (AD) and CVD investigations – this is a 283 percent increase from the comparable period in the previous administration.
The CVD law provides American businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of unfair subsidization of imports into the United States. Commerce currently maintains 539 AD and CVD orders which provide relief to American companies and industries impacted by unfair trade.
Commerce is currently scheduled to announce its final CVD determinations on or about February 9, 2021.
