U.S. ITC Ordered By Court To Reconsider Phosphate Duties; Court Ruled The ITC Must Conduct New Analysis Of The Situation And Make A New Determination, Within 7-Months
Portfolio Pulse from Benzinga Newsdesk
The U.S. International Trade Commission (ITC) has been ordered by a court to reconsider phosphate duties. The court ruled that the ITC must conduct a new analysis of the situation and make a new determination within 7 months.
September 20, 2023 | 7:57 pm
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NEUTRAL IMPACT
The court order for the ITC to reconsider phosphate duties may impact Mosaic Company, a producer of concentrated phosphate.
As a producer of concentrated phosphate, Mosaic Company could be affected by changes in phosphate duties. However, the impact is uncertain until the ITC makes a new determination.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The court order for the ITC to reconsider phosphate duties may have a minor impact on the SPDR S&P 500 ETF, due to its broad market exposure.
The SPDR S&P 500 ETF, which tracks the S&P 500 index, may be slightly affected due to its broad market exposure. However, the impact is likely to be minor as the ETF is not heavily weighted towards phosphate producers.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
The court order for the ITC to reconsider phosphate duties is unlikely to have a significant impact on the Vanguard FTSE Europe ETF.
The Vanguard FTSE Europe ETF, which tracks European stocks, is unlikely to be significantly affected by the U.S. ITC's reconsideration of phosphate duties, unless there are major European phosphate producers in the ETF's holdings.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20