Steel Groups Support AD/CVD Changes
The same day the U.S. Chamber of Commerce reiterated its opposition to what it calls sweeping changes to antidumping duty and countervailing duty laws (see 2204060040), steel industry groups sent a letter to House and Senate leaders arguing that the inclusion of the Leveling the Playing Field Act 2.0 in a China package is essential to having effective trade remedy laws.
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.
"The Leveling the Playing Field Act 2.0 will strengthen U.S. trade remedy laws in several key respects, in particular by enhancing the tools available to obtain timely relief against repeated waves of dumped and subsidized imports. It will also address the growing problem of crossborder subsidization, as China uses its Belt and Road Initiative to subsidize the building of Chinese-owned export-oriented production facilities in other Asian countries. Additionally, the legislation will set clear deadlines to ensure the timely completion of Commerce Department investigations of schemes by foreign producers and exporters to circumvent U.S. trade remedy orders," the groups wrote. Signers are the Alliance for American Manufacturing, the American Iron and Steel Institute, the Steel Manufacturers Association, the United Steelworkers of America, the American Institute of Steel Construction, the Committee on Pipe and Tube Imports, and the Specialty Steel Industry of North America.