Record $2.4T Imports Drove Spike In 2012 Duties, US Says

Law360, New York (February 14, 2013, 5:18 PM EST) -- Anti-dumping and countervailing duty deposits collected by U.S. Customs and Border Protection spiked in 2012 on a record $2.4 trillion in imports, the agency said Monday, with the anti-subsidy duties more than doubling in value from the previous year.

Deposits for anti-dumping duties increased by $42 million to $371 million, a 13 percent increase over 2011, while deposits for countervailing duties rose from $27 million to $69 million, a whopping 155 percent. The increases helped drive total revenue for the agency to a record $39.4 billion,...
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