This week, both the House of Representatives and the Senate passed a bill with overwhelming bipartisan support which would allow the United States to once again use countervailing duties against imports from China. The U.S. was previously able to use duties to counter China’s government subsidies for certain industries, but in December a U.S. appeals court ruled that practice illegal. Once signed by President Obama this new bill will ensure that vital U.S. industries do not lose the protection they previously enjoyed.
Tag Archives: Countervailing Duties
Leaders in both the House and Senate are crafting a bill to allow the United States to place countervailing duties on certain Chinese imports. This legislation comes in response to a U.S. Court of Appeals ruling last year that disallowed these duties. Leaders in both chambers are hoping that by writing the bill together they can speed its passage and allow the United States to begin using countervailing duties against China again by mid-March.