December 12, 2024
News Release 24-122
Inv. No(s). 701-TA-452, 731-TA-1129 – 1130
Contact: Jennifer Andberg, 202-205-1819
USITC Makes Determinations in Five-Year (Sunset) Reviews Concerning Raw Flexible Magnets from China and Taiwan

The U.S. International Trade Commission (USITC) today determined that revoking the existing antidumping and countervailing duty orders on raw flexible magnets from China and Taiwan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. 

As a result of the Commission’s affirmative determinations, the existing orders on imports of these products from China and Taiwan will remain in place. 

Chair Amy A. Karpel and Commissioners David S. Johanson and Rhonda K. Schmidtlein voted in the affirmative. Commissioner Jason E. Kearns did not participate.

Today’s action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act. See the attached page for background on these five-year (sunset) reviews.

The Commission’s public report Raw Flexible Magnets from China and Taiwan (Inv. Nos. 701-TA-452 and 731-TA-1129-1130 (Third Review), USITC Publication 5574, December 2024) will contain the views of the Commission and information developed during the reviews.

The report will be available by January 17, 2025; when available, it may be accessed on the USITC website at: https://www.usitc.gov/commission_publications_library


BACKGROUND

The Uruguay Round Agreements Act requires the Department of Commerce to revoke an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the Department of Commerce and the USITC determine that revoking the order or terminating the suspension agreement would be likely to lead to continuation or recurrence of dumping or subsidies (Commerce) and of material injury (USITC) within a reasonably foreseeable time. 

The Commission’s institution notice in five-year reviews requests that interested parties file responses with the Commission concerning the likely effects of revoking the order under review as well as other information. Generally within 95 days from institution, the Commission will determine whether the responses it has received reflect an adequate or inadequate level of interest in a full review. If responses to the USITC’s notice of institution are adequate, or if other circumstances warrant a full review, the Commission conducts a full review, which includes a public hearing and issuance of questionnaires.

The Commission generally does not hold a hearing or conduct further investigative activities in expedited reviews.  Commissioners base their injury determination in expedited reviews on the facts available, including the Commission’s prior injury and review determinations, responses received to its notice of institution, data collected by staff in connection with the reviews, and information provided by the Department of Commerce.

The five-year (sunset) reviews concerning Raw Flexible Magnets from China and Taiwan were instituted on June 3, 2024.

On September 6, 2024, the Commission determined to conduct expedited five-year reviews. Chair Amy A. Karpel and Commissioners Rhonda K. Schmidtlein and Jason E. Kearns concluded that the domestic interested party group response was adequate, and the respondent interested party group response was inadequate and voted for expedited reviews. Commissioner David S. Johanson concluded that the domestic interested party group response was adequate, and the respondent interested party group response was inadequate and voted for full reviews. 

A record of the Commission’s vote to conduct expedited reviews is available on the investigations page for  Raw Flexible Magnets from China and Taiwan; Inv. No. 701-TA-452 and 731-TA-1129- 1130 (Review 3).

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