Trade Cases
February 3, 2022
AISI: COMPETES Act Provisions to Counter Unfair Chinese Trade
Written by Tim Triplett
The American Iron and Steel Institute sent a letter to House members Wednesday urging them to support the America COMPETES Act of 2022, which aims to enhance U.S. competitiveness to counter alleged nonmarket policies and practices by China.
The legislation will strengthen the U.S. trade remedy laws by making more tools available to obtain timely relief against repeat offenders and by addressing the growing problem of cross-border subsidization. Case in point: China’s Belt and Road Initiative, which subsidizes steel capacity and production beyond its borders. These and other provisions in the bill will improve the ability of the U.S. government to enforce antidumping and countervailing duty laws and will ensure the U.S. trade laws remain an effective tool for American producers and workers, AISI said in its letter.
