"New Law Preserves Vital U.S. Countervailing Duty Laws Against China and Vietnam"
Today, President Obama signed H.R. 4105, authorizing the United States to continue to impose countervailing duties on subsidies from non-market economies.
The law was passed by both the House of Representatives and the Senate the prior week (in the House by a vote of 390 – 37; in the Senate by unanimous consent).
The law affirms the existing U.S. Commerce Department interpretation of its authority to countervail injurious actionable subsidies on products from the People’s Republic of China and from Vietnam.
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