Commerce Declines To Examine Currency Claims In CVD Cases, Sparking Reactions

In a closely followed decision that could fuel support for legislation targeting China's currency when Congress returns next month, the U.S. Commerce Department announced today (Aug. 31) that it will not investigate petitioner claims that China's undervalued currency functions as a subsidy because any benefit it provides is not specific to the enterprise or industries under investigation.

CIT Finds Legal Claims Deficient In Suit By Byrd Amendment Producers

A Court of International Trade (CIT) judge ruled last week that the petitioning U.S. producers of mushrooms, honey, crawfish, and garlic had not demonstrated sufficient actionable cause for the Court to find against the United States, as defendant, on any of the nine counts that remained active following dismissal last spring of the six counts that related more specifically to a group of surety bond defendants.

Levin Says China Currency Change Since June Unsatisfactory

House Ways and Means Committee Chairman Sander Levin (D-MI) last week said his committee's hearing on China currency next month will examine the fact that the value of the renminbi against the dollar is virtually unchanged since a Chinese government pledge to allow its currency to float more freely in relation to the dollar.