A
What happened
The US Department of Commerce concluded that Indian producers of hard empty capsules received countervailable subsidies during April 2023 to March 2024. This finding meets US legal standards for imposing countervailing duties on these exports. The decision could lead to new import duties pending an injury ruling by the US International Trade Commission. These duties could affect trade relations and supply chains between the US and India.
★
Key insights
-
1
Investigation period: The review covered the period from April 1, 2023 to March 31, 2024.
-
2
Next step: Duties may be imposed after the US International Trade Commission decides on injury ruling.
Takeaways
If duties are imposed, it could increase costs and disrupt trade of capsules from India to the US.