The U.S. Court of International Trade ruled against the Department of Commerce's final decision regarding certain superabsorbent polymers from Korea, covering the period from October 2020 to September 2021. As a result, Commerce is changing the antidumping duty order, specifically altering the dumping margins for LG Chem, Ltd. and other producers and exporters of these polymers. This change follows a review of the commercial significance of various characteristics of the polymers, underlining the court's concerns about the initial findings. Commerce will update cash deposit instructions for these goods as these changes are implemented.
Simple Explanation
The people in charge of trade in the U.S. changed their earlier decision about the price cheating of certain special materials from Korea because a court found a mistake. Now, they will collect different amounts of extra money from the companies that sell these materials to make it fair.