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U.S. Department of Commerce rescinds anti-dumping duties on Ukrainian twisted wire

U.S. Department of Commerce rescinds anti-dumping duties on Ukrainian twisted wire. This decision marks a shift in U.S.-Ukraine trade dynamics.

U.S. Department of Commerce rescinds anti-dumping duties on Ukrainian twisted wire

The U.S. Department of Commerce has officially lifted anti-dumping duties on twisted wire imported from Ukraine. This decision comes in the wake of a comprehensive administrative review, resulting in a substantial reduction in the dumping margin.

Effective from the year 2021, the dumping margin on Ukrainian twisted wire imports has been reset to zero, a significant drop from the previous rate of 19.3%. The move is anticipated to have far-reaching implications for bilateral trade relations between the two nations.

The lifting of duties on Ukrainian steel products represents a unique development in the historical cooperation between the two countries.

The Ministry of Economy of Ukraine has acknowledged this exceptional decision by highlighting that, at present, the USA has seven anti-dumping measures specifically targeting imports of various goods from Ukraine. This shift in policy on twisted wire sets a precedent and suggests a potential reevaluation of the broader trade landscape between the U.S. and Ukraine.

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