Overseas Updates
On Nov 12, 2025, India’s Revenue Dept issued Notice 32/2025 Customs (ADD), accepting the Aug 13, 2025 positive anti-dumping final ruling on Vietnam-origin alloy/non-alloy hot-rolled steel plates (thickness ≤25mm, width ≤2100mm, excluding stainless steel, under codes 7208-7226). It imposes 5-year duties: 0 for Hoa Phat Dung Quat Steel JSC, 121.55 USD/ton for others, effective on gazette publication. The probe started in Aug 2024 via ISA’s application.
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US tariff policies are impacting European high-end manufacturing (luxury goods, cars, watches), with companies like LVMH, Gucci, Porsche and Swatch seeing revenue/profit drops. US consumer confidence is suppressed, and the industry faces growing uncertainty.
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The German Economic Expert Committee (Five Wise Men) lowered 2026 Germany GDP growth forecast to 0.9% (from spring's 1.0% and govt's 1.3%), citing global changes, domestic adjustments etc. It calls for efficient use of 500B euro SVIK fund, with inheritance tax reform disputes.
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On November 9, 2025, Peru issued a positive final ruling on the third sunset review of anti-dumping on US-origin biodiesel (including B100 and blends over 50% biodiesel), deciding to maintain current anti-dumping duties. The measures take effect June 26, 2025 for five years. Peru first initiated the investigation in 2009, with two prior sunset reviews (2016, 2020) and the third initiated in Feb 2025. The product's tax number is 3826.00.00.00.
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On November 10, 2025, Mexico's Ministry of Economy issued a final negative anti-dumping review ruling on I-shaped/H-shaped steel beams (vigas de acero tipo I y H) from Spanish company AMOB, deciding not to impose anti-dumping duties. The measures take effect the day after announcement. Involved TIGIE tax numbers: 7216.32.99, 7216.33.01. Background includes prior investigations (2021 initiation, 2023 positive ruling, 2024 review initiation, 2025 preliminary ruling).
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On Nov 10, 2025, Mexico's Ministry of Economy issued a final negative anti-dumping period review ruling on Spanish AMOB's I/H steel beams, deciding no anti-dumping duties. Involved TIGIE tax numbers: 7216.32.99, 7216.33.01. Measures take effect the next day.
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On November 11, 2025, the Eurasian Economic Commission initiated anti-dumping investigations on new inflatable rubber tires (rim diameter 17.5-24.5 inches for trucks/buses etc.) originating from Thailand and Vietnam, per its announcement and order.
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At the 8th CIIE in Shanghai, WTO Deputy DG Johanna Hill notes the global trading system expands under pressure, shows resilience, and proposes 3 WTO reform principles. WTO forecasts 2024 goods trade growth 2.4%. China’s decision to not seek new WTO special and differential treatment is praised.
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On Nov 7, 2025, India's Revenue Department issued Notice No.31/2025 Customs (ADD) accepting the 3rd anti-dumping sunset review final ruling by its Commerce Ministry on Aug 8, 2025, to continue 5-year anti-dumping duties on linen fabrics (≥50% flax content) from China (mainland) and Hong Kong SAR (USD2.36/m for mainland, USD1.14/m for HK, customs code 5309), effective from gazette publication. It also reviews the case history since 2008.
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On November 9, 2025, Peru's CDBINDECOPI issued Announcement No.199-2025, terminating temporary anti-dumping duties on Chinese 5.5-16mm non-alloy steel wire rods starting November 10, 2025. Peru initiated the investigation in Jan 2025, made a preliminary ruling in July 2025, and now ends the measure.
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On October 30, 2025, Argentina's Ministry of Economy issued Announcement No.1680, making a negative final ruling on the sunset review and change of circumstances review of anti-dumping measures on Chinese-origin PVC profiles (tax number 3916.20.00) for doors/windows/partitions, deciding not to continue the measures, effective from publication.
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On November 7, 2025, the European Commission initiated a countervailing investigation into China-origin lightweight thermal paper, responding to the European Thermal Paper Association's September 24, 2025 application, involving specific EU CN/TARIC codes, with subsidy investigation period Oct 1, 2024 - Sep 30, 2025 and damage investigation period Jan 1, 2022 - end of subsidy period.
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On Nov 6, 2025, India's Commerce Ministry issued a positive final ruling on the first anti-dumping sunset review of Malaysian 4-12mm clear float glass (customs code 7005), recommending 5-year anti-dumping duties with min prices $366/ton (Kibing Group) and $374/ton (others). It also recaps previous related rulings and the 2025 review initiation.
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It has been over 100 days since the US-EU tariff agreement reached in Scotland on July 27. The US imposes 15% tariffs on most EU goods, hitting German exports (down to 2021 low vs US) and industries like automotive (VW, Mercedes-Benz profits plunge), machinery, chemical. German economy stagnates, EU has internal criticism, and agreement details have disputes.
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At the Shanghai CIIE, Argentine businesses (including 13 meat firms) highlight strong China-Argentina trade ties (China is Argentina's largest trading partner). The Argentine business community dismisses US pressure to "push China out", emphasizing mutual complementarity and interdependence. Argentina aims to expand meat exports to China amid its growing middle class, viewing CIIE as a key platform.
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A DIHK survey shows Germany's economy hasn't recovered despite government reforms. It covers 23,000 firms, with low business confidence, sluggish investment/employment. Forecasts: stagnation this year, 0.7% weak growth next year. DIHK's Melnikov calls for faster burden reduction and structural reforms.
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On September 25, 2025, Korea issued a positive final anti-dumping ruling on Thai particleboard, recommending 13.03-15.18% duties for 5 years (tax number 4410.11.1000). It also noted the 2024 investigation, 2025 preliminary ruling and temporary duties.
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On Nov 5, European Council reached agreement on amending European Climate Law, updated 2035 emission reduction targets, maintained 2040 net GHG cut by 90% from 1990, approved updated NDC target, and introduced measures like carbon credits offsetting.
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On October 29, 2025, India’s Ministry of Commerce and Industry issued a positive final ruling on the second anti-dumping sunset review of Chinese-origin FKM (fluororubber), recommending 5-year continued anti-dumping duties (USD1.04-8.86/kg) for specific Chinese manufacturers. It also recaps prior related investigations.
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On Nov 4, 2025, Mexico's Ministry of Economy initiated the 5th sunset review of anti-dumping investigations on seamless steel pipes from Japan. The dumping period is Jul 1,2024-Jun30,2025, injury period Jul1,2020-Jun30,2025, involving specific TIGIE tax numbers. Mexico first launched the probe in 1999, imposed 99.9% duty in 2000, and extended it via 4 previous sunset reviews.
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