Commerce Sets Preliminary CVD Rates on Epoxy Resin, Combines Timelines
The U.S. Commerce Department set anti-subsidy trade remedies, known as countervailing duties (CVDs) on epoxy resin on September 13, 2024, on imports from China, India, Taiwan, and South Korea. South Korean imports will not be subject to CVDs, as the benefit received by any subsidies was found to be below 1% of the value of subject imports.
While South Korean imports will not face CVDs, one Indian company and all Chinese imports will face a duty rate calculated based on “adverse inference” as respondents or the government failed to respond to questionnaires. Commerce will announce preliminary AD rates by November 6, 2024 at which point those duties will begin to apply as well.
Final duties for both AD and CVDs are now on the same timeline and expected no later than January 21, 2025 and will be announced simultaneously.
Duty Rates (* Indicates Adverse Inference)
China:
*Jiangsu Sanmu Group Co., LTD: 108.64%
*Shandong Bluestar Dongda Chemical: 108.64%
*All others: 108.64%
India:
Atul Limited: 1.55%
*Champion Advanced Materials: 113.83%
All Others: 1.55%
South Korea: (Disregarded as de minimis)
Kukdo Chemical Co., Ltd 0.74%
Kumho P&B Chemicals Inc 0.89%
Taiwan:
Chang Chun Plastics Co. Ltd 3.32%
Nan Ya Plastics Corp. 1.32%
All Others: 2.33%
To read the Commerce Department fact sheet, please click here. Please contact Dan Neumann with any questions.