Subsidies

Delay In Paper AD Case May Create Gap In Preliminary CVD Duties

The delay of a preliminary Commerce Department antidumping finding against imports of glossy paper from China is expected to have an impact on the overall timing of the countervailing duty (CVD) case against the same Chinese product, and may prevent Commerce from assessing preliminary countervailing duties against China for a short period of time. According to legal experts, the inability to collect estimated CVD duties against China after the preliminary determination could be caused by the need to keep provisional...

U.S. Hoping China Open To Terminating More Questionable Subsidies

U.S. Trade Representative Susan Schwab said on March 9 that the U.S. is hoping China can agree to terminate more illegal subsidies to a range of Chinese industries, after China on March 8 published a notice saying it would eliminate one of the nine subsidies targeted by the U.S. in a WTO case against China. A notice from the People's Bank of China said it would terminate a preferential loan program given to large companies that export. This was cited...

ITC Hears Split Opinion On Impact Of U.S.-China Trade

Industry groups told the U.S. International Trade Commission last week that China's intentional undervaluation of the renminbi (RMB) and massive subsidies programs to many industries have distorted trade and cost millions of U.S. jobs. However, U.S.-China Business Council President John Frisbie countered these points at the same hearing by saying the overall U.S. trade deficit with East Asia has remained relatively stable, and said this is evidence that the growing U.S. trade deficit with China reflects the reality that much...

Industry Groups Tell ITC China's Currency Policy, Subsidies Hurt Jobs

Industry groups told the U.S. International Trade Commission today (March 8) that China's intentional undervaluation of the renminbi (RMB) and massive subsidies programs to many industries have distorted trade and cost millions of U.S. jobs. The ITC held a hearing on China's impact on U.S. companies as part of an information gathering process for a study that was requested by outgoing Ways and Means Chairman Bill Thomas (R-CA) last fall. The industry panel included representatives from the U.S.-China Business Council,...

Davis, English Hopeful For Quick Markup Of CVD Bill

Reps. Artur Davis (D-AL) and Phil English (R-PA) said today (March 8) they were "hopeful" that a markup of their bill to allow countervailing duty cases against non-market economies (NMEs) would quickly follow a House Ways and Means trade subcommittee hearing set for March 15. The hearing will focus in part on H.R. 1229, a bill that would also require congressional approval of a change in designation from NME status to market economy status. "We certainly haven't pressed Chairman Levin...

Mexico WTO Request Could Mean Short Delay In U.S. Subsidies Case

Mexico's Feb. 28 request for WTO consultations on Chinese subsidies could lead to a short delay in the formation of a dispute settlement panel to hear U.S. complaints about the same set of Chinese subsidies. While U.S. officials did not say explicitly that the two panels would be merged into one, a single panel often hears similar disputes simultaneously, and a decision to merge the U.S. and Mexican complaints would mean the U.S. would have to wait an additional month...

Levin Predicts House Passage Of CVD, Currency Bills

House Ways and Means Trade Subcommittee Chairman Sander Levin (D-MI) today (March 5) predicted that two key pieces of China-related legislation would pass the House this year, but said he was less sure about whether the Senate could approve them. First, Levin said he thinks the House would be able to pass a bill that would instruct the Commerce Department to accept countervailing duty (CVD) investigations against non-market economies (NMEs) like China, and said "I hope" the Senate would be...

Davis, English Introduce Bill Allowing CVDs Against China

Reps. Artur Davis (D-AL) and Phil English (R-PA) today introduced legislation that would explicitly allow the application of countervailing duty law to nonmarket economies (NMEs) like China. House Ways and Means Trade Subcommittee Chairman Sander Levin (D-MI) has said he would use this bill, H.R. 1229, as the basis of a bill on CVD application to NMEs in the coming weeks. Davis confirmed Levin's comments from last month, and said he believes the bill will be one of the first...

WTO Rules Will Prevent Double Remedies In Subsidies, CVD Case

A World Trade Organization rule that only allows members to impose a single remedy to combat illegal subsidy programs could affect the final outcome of the Bush Administration's WTO case against Chinese subsidies, and a separate U.S. countervailing duty investigation against subsidies to China's paper industry, since both cases target many of the same Chinese measures. Assuming both of these cases proceed to a stage in which the U.S. is allowed to impose a remedy, WTO rules will require the...

China Argues CIT Has Jurisdiction To Hear CVD Case

The government of China on Feb. 23 reiterated its arguments that the U.S. Court of International Trade (CIT) has the jurisdiction to hear China's demand that the U.S. cease consideration of a controversial countervailing duty case against imports of Chinese coated free-sheet paper. China's Feb. 23 submission was in response to a motion from NewPage Corp. to dismiss China's challenge to the CVD petition at the CIT. NewPage is the paper producer that petitioned the Commerce Department for the CVD...

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