"Commerce Initiates Antidumping And Countervailing Duty Investigations Of Aluminum Lithographic Printing Plates From The People's Republic Of China And Japan; NOTE: The Petitioner Is Eastman Kodak Company"
Portfolio Pulse from Benzinga Newsdesk
The U.S. Department of Commerce has initiated antidumping and countervailing duty investigations into aluminum lithographic printing plates from China and Japan. The petitioner is Eastman Kodak Company. The alleged dumping margins are 107.62% for China and 23.46% for Japan. The investigations could impact the import volumes and values of these plates from both countries.
October 19, 2023 | 6:24 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The iShares MSCI Japan ETF (EWJ) could be negatively impacted if the investigations lead to duties on Japanese imports, potentially affecting Japanese companies in the aluminum lithographic printing plates industry.
The investigations could lead to duties on Japanese imports, which could negatively impact Japanese companies in the industry. As an ETF that tracks Japanese companies, EWJ could be indirectly affected.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be negatively impacted if the investigations lead to duties on Chinese imports, potentially affecting Chinese companies in the aluminum lithographic printing plates industry.
The investigations could lead to duties on Chinese imports, which could negatively impact Chinese companies in the industry. As an ETF that tracks large-cap Chinese companies, FXI could be indirectly affected.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Eastman Kodak Company, the petitioner for the investigations, could potentially benefit if the investigations result in duties on the imports, reducing competition.
As the petitioner, Eastman Kodak may have initiated the investigations due to perceived unfair competition from imports. If duties are imposed, it could reduce this competition, potentially benefiting Eastman Kodak.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100