The Commerce Department issued the final results of the antidumping duty administrative review on preserved mushrooms from China (A-570-851). The agency made no changes from its preliminary results, continuing to find Xingda Foodstuffs and Iceman Group part of the China-wide entity to punish their alleged lack of cooperation. The new rate is effective June 6, and will be implemented by CBP soon.
Correction: Two International Trade Today reports on antidumping proceedings on wood flooring from China (see 13052914) and new pneumatic off-the-road tires from China (13060338) should have referred to those proceedings as new shipper reviews. As such, those reviews did not apply to all companies subject to the order, but only to those companies subject to the new shipper reviews.
A listing of recent antidumping and countervailing duty messages from the Commerce Department posted to CBP's website June 4, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at addcvd.cbp.gov. (CBP occasionally adds backdated messages without otherwise indicating which message was added. ITT will include a message date in parentheses in such cases.)
The Commerce Department published notices in the June 4 Federal Register on the following AD/CV duty proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms, or effective dates will be detailed in another ITT article):
The Commerce Department issued the final results of the antidumping duty administrative review on new pneumatic off-the-road tires from China (A-570-912). Despite making changes from its preliminary results, the agency continued to find a zero AD rate for sole respondent Trelleborg Wheel Systems (Xingtai) China, Co. Ltd.. As such, Commerce will direct CBP to liquidate entries of merchandise both produced and exported Trelleborg without regard to AD duties, and will not collect AD cash deposits on such merchandise. These final results are effective June 4.
Proxy advisory firms Institutional Shareholder Services (ISS) and Egan-Jones released opposing opinions Friday on the merits of SoftBank’s bid to buy 70 percent of Sprint Nextel. ISS recommended that Sprint stockholders vote in favor of SoftBank’s $20.1 billion offer because of its “strategic merits,” which include providing capital Sprint needs to complete upgrades to its network. ISS said it has “not developed a view” on Dish Network’s $25.5 billion counteroffer for Sprint because that offer remains preliminary. “Shareholders may not themselves affirmatively choose that offer over the SoftBank transaction, as Dish has not yet made its offer directly through a tender,” ISS said in its report. Sprint touted the ISS report in a news release Sunday, saying its board has recommended stockholders vote in favor of SoftBank’s bid, calling the Dish bid an “unsolicited proposal” (http://bit.ly/ZEOflA). Dish did not comment. Meanwhile, Egan-Jones reversed its earlier recommendation of SoftBank’s bid Friday, saying Sprint stockholders should reject SoftBank’s bid “in its current form.” Uncertainty over which bid will prevail is creating “strong potential for an improved offer” from SoftBank, it said. Sprint stockholders are to vote on SoftBank’s offer June 12.
A listing of recent antidumping and countervailing duty messages from the International Trade Administration posted to CBP's website May 31, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at addcvd.cbp.gov. (CBP occasionally adds backdated messages without otherwise indicating which message was added. ITT will include a message date in parentheses in such cases.)
Transportation Secretary Ray LaHood announced the members of the National Freight Advisory Committee (NFAC), an advisory group that will provide recommendations to the Department of Transportation (DOT) for improved freight policies and programs, today. The Committee’s 47 members include stakeholders who will represent different perspectives, modes of transportation, geographic regions, and policy areas.
Mexico's Diario Oficial of June 3 lists notices from the Secretary of the Economy as follows:
The International Trade Commission is publishing notices in the June 3 Federal Register on the following AD/CV injury, Section 337 patent, and other trade proceedings (any notices that warrant a more detailed summary will appear in another ITT article):