Type:Rule
Citation:89 FR 101694
Reading Time:about 7 hours
The U.S. Department of Commerce has updated its regulations to improve the management of antidumping and countervailing duty (AD and CVD) laws. These changes aim to make the rules clearer and increase transparency by detailing how duties are applied and calculated. The amendments address issues like determining duty rates for nonmarket economies and handling subsidies from foreign governments. These new rules will take effect on January 15, 2025, to better enforce fair trade practices.
Simple Explanation
The big rule people made some changes to make sure trading with other countries is fair. They're going to start checking prices more closely when people in America buy stuff from other countries, like toys or clothes, so that everything is fair and square.