The DOC imposed excessively high preliminary tariffs on imported shrimp.

Recently, the US Department of Commerce (DOC) decided to impose preliminary tariffs of nearly 63% on shrimp imported from Malaysia and lower rates on shrimp imported from China, India, Thailand, Indonesia, Ecuador, and Vietnam.

Currently, the total value of frozen shrimp imports into the US from Vietnam is $426 million, from Thailand $1.1 billion, from Indonesia $634 million, from India $551 million, from Ecuador $500 million, from Malaysia $142 million, and from China $102 million.

This is one of the largest tariff impositions in the history of the U.S. Department of Commerce.

Malaysia saw its tariff increased from 10.8% to 62.74%, while other countries only experienced increases ranging from 2.09% to 11.32%. Ecuador and Indonesia, according to the US Department of Commerce's conclusion, provided virtually no subsidies to their shrimp industries, so their tariffs will not be raised, although the final decision will only be made after the investigation concludes in August.

The DOC will conclude its investigation on August 15th, and the final conclusion is expected on September 26th.

In addition to countervailing duties, the US government also imposes anti-dumping duties on frozen shrimp from Vietnam.

Other countries also subject to anti-dumping duties on shrimp exports to the US market include Brazil, China, India, and Thailand.

It is expected that in mid-June, the DOC will visit Vietnam to conduct on-site verification and then issue a final ruling to make a decision.

According to (Vietnam Fisheries) - LC