Procedures To Administer Import Adjustment Offset Amounts for Certain Imports of Automobile and Medium- and Heavy-Duty Vehicle Parts for Automobile and Medium- and Heavy-Duty Vehicle Engine Manufacturers
ITA noticeRegulation easedFederal Register 07/29Open the original
Summary
The International Trade Administration sets procedures for domestic automobile engine and MHDV engine manufacturers to apply for import adjustment offsets. The process lets them offset tariff liability on engine parts based on U.S.-assembled production, while excluding certain limited production engine assembly operations from the calculation.
By industry
- Tariffs & Reshoring1 trading day−2.7%p15 stocks5 trading days−0.5%p15 stocks20 trading days−5.8%p15 stocks
“allow domestic manufacturers of automobile engines and MHDV engines to claim import adjustment offsets”
- Batteries, EVs & the IRA1 trading day−1.8%p15 stocks5 trading days+2.8%p15 stocks20 trading days+2.3%p15 stocks
“imports of automobile and Medium- and Heavy-Duty Vehicle Parts”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 26/07/28 | 0.0% | 0.0% |
| 26/07/29 | −3.9% | −1.1% |
| 26/07/30 | −3.7% | +0.3% |
| 26/07/31 | −3.1% | +0.5% |
| 26/08/03 | −1.6% | +2.4% |
| 26/08/04 | +3.8% | +4.3% |
| 26/08/05 | +5.5% | +4.2% |
| 26/08/06 | +4.0% | +3.8% |
| 26/08/07 | +6.6% | +4.4% |
| 26/08/10 | +6.9% | +4.3% |
| 26/08/11 | +7.1% | +4.1% |
| 26/08/12 | +5.9% | +4.3% |
| 26/08/13 | +4.7% | +5.0% |
| 26/08/14 | +4.3% | +4.8% |
| 26/08/17 | +5.3% | +4.3% |
| 26/08/18 | +1.7% | +3.6% |
| 26/08/19 | −1.3% | +4.0% |
| 26/08/20 | −4.3% | +3.0% |
| 26/08/21 | −2.6% | +3.4% |
| 26/08/24 | −4.1% | +3.1% |
| 26/08/25 | −2.4% | +3.4% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
- LG Energy Solution 373220
- Samsung SDI 006400
- SK Innovation 096770
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Gilbert Cisneros
Partial saleTesla
Partial saleTesla
TSLA
$1K–$15K
Self
$1K–$15K
Reported 09/10
Traded 08/18
- John Boozman
BuyFirst Solar
BuyFirst Solar
FSLR
$1K–$15K
Joint
$1K–$15K
Reported 09/11
Traded 08/13
