What To Watch For
Redi-Bag’s assets were acquired by AmerCareRoyal just one day before the settlement’s announcement, according to a press release, raising questions about how the new owner will manage any ongoing compliance obligations.
Key Background
Antidumping duties on Chinese-made polyethylene retail carrier bags are designed to stop Chinese manufacturers from undercutting U.S. producers by selling below cost. The Justice Department’s Trade Fraud Task Force was launched last year to target customs evasion schemes and has exceeded $1 billion in total civil and criminal recoveries, penalties and forfeitures since its launch, according to CBS News, which noted the single largest case handled by the task force was a $549.5 million settlement over evaded aluminum duties in May.
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