Strengthening US Trade Defenses Against Unfair Imports
This act aims to make it easier for US companies to combat unfair import practices like dumping and subsidies. It introduces new rules for investigations, responding to market distortions, and preventing circumvention, which could impact the prices of imported goods and the availability of certain products in the market.
Key points
Streamlining the initiation and conduct of unfair import investigations, potentially leading to faster imposition of duties on goods imported at unfairly low prices or subsidized by foreign governments.
Enhancing the ability to address market distortions, including cross-border subsidies and currency undervaluation, which may affect import costs and the competitiveness of domestic products.
Introducing new requirements for importers, such as asset requirements for non-resident importers and product certifications, aimed at preventing duty evasion and potentially increasing import costs for some businesses.
Expanding the scope of anti-circumvention inquiries to prevent attempts to bypass anti-dumping and countervailing duties through changes in production processes or supply routes.
Expired
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