Senators Urge Commerce to Consider Currency Manipulation in AD/CVD Cases
Two Ohio senators renewed calls for the Commerce Department to treat currency manipulation as an unfair subsidy in trade remedy cases, in a letter dated March 30 (here). “We urge you to institute a policy of investigating allegations of currency…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
manipulation when the [Commerce] Department receives such an allegation from U.S. petitioners in trade remedy cases,” Sens. Sherrod Brown (D) and Rob Portman (R) said in their letter to Commerce Secretary Wilbur Ross. “We were disappointed that the last Administration elected to ignore allegations of currency manipulation in antidumping and countervailing duty investigations, and we urge you to quickly adopt a different policy,” they said. The White House has reportedly been formulating a plan to instruct Commerce to consider currency manipulation an unfair subsidy (see 1702140045).