South Korea's Epoxy Under Fire: Fair Value Duties to Level Playing Field
Published Date: 4/3/2025
Notice
Summary
The U.S. says some epoxy resins from South Korea are being sold here for less than they should be between April 2023 and March 2024. This means importers from South Korea will face extra duties to keep things fair for U.S. businesses. No rush on critical circumstances, so changes kick in smoothly without surprise fees.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Importers Face Extra Duties
If you import certain epoxy resins from South Korea, the Department of Commerce determined those products were sold at less than fair value for April 1, 2023 through March 31, 2024. As a result, importers of those epoxy resins from South Korea will face additional duties on those imports.
U.S. Businesses Shielded from Dumping
The Commerce finding is intended to keep things fair for U.S. businesses by addressing underpriced epoxy resin imports from South Korea for April 1, 2023 through March 31, 2024. U.S. businesses that compete with those South Korean epoxy resin imports may benefit from the duties that result.
No Retroactive Duty Application
Commerce issued a final negative determination of critical circumstances, so there will not be retroactive or surprise duties tied to this case. Changes related to this determination will proceed without sudden retroactive charges.
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