US Commerce Sets Preliminary CVD on Olives from Spain

Exporters of ripe olives from Spain have received subsidies of 2.31% to 7.24%, the U.S. Commerce Department announced late Tuesday in an affirmative preliminary determination.Commerce will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits from importers of ripe olives from Spain based on these preliminary rates.“The U.S. values its relationships with Spain, but even friendly countries must play by the rules,” Commerce Secretary Wilbur Ross said. “We will continue to review all information related to this preliminary determination while standing up for American workers and companies.”Unless the final determination is postponed, Commerce is currently scheduled to announce its final countervailing duty (CVD) determination on April 4, 2018. If the final determination is affirmative and the International Trade Commission makes an affirmative final injury determination, a CVD order will be issued.The final determination from the ITC is to be made on or about May 18, 2018.