The U.S. Department of Commerce has concluded that certain producers or exporters from Japan sold glycine in the United States at prices below the normal value between June 1, 2022, and May 31, 2023. As a result, antidumping duties will be applied to the affected companies' products. The final decision was announced on December 16, 2024, and specific cash deposit rates and assessment rates have been established. Importers are reminded of their responsibility to report the reimbursement of these duties, or they may face additional charges.
Simple Explanation
The U.S. Department of Commerce found that some companies from Japan sold glycine, a type of chemical used in products like food and medicine, in the United States at unfairly low prices. Now, those companies have to pay extra money, called duties, to make things fair again, starting from June 2022 to May 2023.