Japan Tobacco, Philip Morris Face Pressure After Cigarette Imports Light Up

Consumer Staples 590 South Korea 492 Tariffs 1614 U.S. 4478

The U.S. government received 4 new requests to investigate trade regulation infractions in December, bringing the total to 65 for the year. That was similar to 2018 but well below the 95 cases in 2017. A resolution of the uncertainty regarding tariffs on Chinese imports under the phase 1 trade deal may lead to more cases being brought in 2020. One of the December cases covers alleged dumping of tier four (packaged) cigarettes from South Korea. Imports to the U.S. from South Korea jumped 69.8% year over year in the 12 months to Oct. 31 – putting pressure on importers from elsewhere in the...

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