Trade Enforcement: New Authority to Combat Tariff Evasion via Third Countries.
This bill grants the U.S. International Trade Commission (USITC) new powers to investigate foreign entities that try to bypass existing U.S. tariffs by moving production to third countries. If tariff evasion is confirmed, the USITC can recommend imposing new duties on products from that third-country investment. The goal is to protect domestic industries and jobs from unfair competition, which could potentially affect the cost of certain imported goods.
Key points
Authorizes the USITC to investigate investments in third countries established by non-market economies specifically to evade U.S. tariffs.
Allows for the imposition of retaliatory tariffs either narrowly against the specific foreign investment or broadly against imports from the third country (the latter requires Congressional approval).
These trade remedies are designed to last between three and eight years to ensure fair trade practices are maintained.
Expired
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