Commerce must account for duty methods applied to centrally planned economies, CIT says
Sep 28, 2009 | 11:27 AM
| Martyn Chase
In a decision that could have a major impact on steel trade with China, the U.S. Court of International Trade (CIT) has told the Commerce Department that it must either account for the methods used in determining countervailing duties on imports from centrally planned economies or forego their use in the future.
The action, depending on the eventual outcome, could mean that anti-dumping and countervailing duties might not be applied simultaneously on the same product in trade cases involving non-market economies such as China.
Since the CIT decision is likely to be appealed, it's too early to reach that conclusion right now, trade attorneys said last week.....
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