Type:Notice
Citation:89 FR 105627
Reading Time:about a minute or two
The United States International Trade Commission (USITC) has made determinations regarding raw flexible magnets imported from China and Taiwan. The commission concluded that if the existing countervailing and antidumping duty orders are revoked, it would likely cause harm to U.S. industries in the near future. These reviews were initiated earlier in the year and completed by December 2024. The details of these findings are published in USITC Publication 5574.
Simple Explanation
The US government looked at magnets coming from China and Taiwan and decided that if they stop charging extra fees on these magnets, it could hurt companies in the United States. A person named Jason Kearns did not help make this decision, but they didn't say why.