Strengthening U.S. Trade Protection Against Unfair Imports, Subsidies, and Dumping
This Act amends the Tariff Act of 1930 to improve the administration of antidumping and countervailing duty laws. It establishes new rules for successive investigations and allows for the consideration of cross-border subsidies and currency undervaluation when determining duties. The Act also defines particular market situations that distort production costs (e.g., lack of enforcement of labor or environmental laws) and requires nonresident importers to maintain assets in the U.S.
Key points
Countering Subsidies and Dumping: Authorizes the investigation of currency undervaluation as a countervailable subsidy and addresses cross-border subsidies provided by third countries.
Importer Requirements: Nonresident importers must maintain assets in the U.S. sufficient to pay potential duties; the authority may require certification regarding duty compliance.
Market Distortions: Expands the definition of a particular market situation to include cost distortions caused by factors such as the failure to enforce property, human rights, labor, or environmental laws.
Investigation Procedures: Sets deadlines for successive antidumping and countervailing duty investigations and modifies procedures for circumvention inquiries.
Status:
Expired
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