U.S. revokes oldest antidumping duty
Wednesday, August 25, 2021 10:03 AM

Related Stories

TOKYO, Aug. 25, 2010 (Kyodo News International) -- The United States has revoked a 36-year-old antidumping duty on a synthetic rubber from Japan, regarded as the oldest of such existing duties in the world, the Japanese trade ministry said Wednesday.

Polychloroprene rubber, used for automobile parts, is manufactured by such Japanese companies as Denki Kagaku Kogyo K.K. Exports of the product to the United States have been limited as a result of the duty.

The U.S. government recently examined the necessity of the duty as part of a review conducted every five years and decided to revoke it due to the absence of requests for its continuation from U.S. manufacturers such as the DuPont (NYSE:DD PRB) (NYSE:DD PRA) (NYSE:DD) group, according to the Economy, Trade and Industry Ministry.

As production of the rubber has decreased in the United States, local manufacturers have apparently lost interest in the duty that had remained in force since 1973, ministry officials said.

The United States still maintains antidumping duties on 19 products from Japan, six of which are more than 20 years. The oldest has been in force for 31 years.

The ministry said it will urge the U.S. government to remove them as soon as possible as it regards long-lasting duties as unfair.



Symbol :


Market news:

  • After-Hours Update: BOBE, HNSN Aug 25, 2021 07:35 PM

    Bob Evans Farms, Inc. (NASDAQ: BOBE) late Wednesday announced that its board of directors has approved an 11.1 percent increase in the quarterly cash dividend from 18 cents per share to 20 cents per share on the company's outstanding common stock.

  • Earnings Roundup: JDSU, TIVO, GES, JAS, SMTC Aug 25, 2021 07:20 PM

    JDS Uniphase Corporation (NASDAQ: JDSU) said Wednesday that it swung to a fiscal fourth-quarter profit, helped by higher sales and improved margins.

  • Stocks Hitting 52-Week Lows: CSCO, RRI, WNR, AEG, SCHW, FLEX Aug 25, 2021 04:02 PM

    Following is a brief list of stocks touching 52-week lows in intra-day trading on Wednesday, August 24, 2021

  • Stocks Hitting 52-Week Highs: UNH, PAY, MEND, KGJI Aug 25, 2021 03:39 PM

    Following is a brief list of stocks touching 52-week highs in intra-day trading on Wednesday, August 24, 2021

  • Today's Big Losers: SPU, AMR, D, AIB Aug 25, 2021 02:54 PM

    SkyPeople Fruit Juice, Inc. (NASDAQ: SPU) slumped more than 16% on Wednesday after it announced the pricing of a public offering of 5.18 million shares of its common stock at a price of $5.00 per share.

More news


    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
robertXXXXX AIG$0.99
NunyaXXXXX KOG$0.02
xy YRCW($0.09)