China retaliation likely, opponents say as Obama signs trade bill
Mar 13, 2012 | 03:18 PM
| Catherine Ngai
NEW YORK President Obama signed a bill Tuesday allowing the Commerce Department to apply both anti-dumping and countervailing duties to imports from non-market economies in a move many speculate will see China take the issue to the World Trade Organization (WTO).
"This (legislation) guarantees us another WTO case," Gary Horlick, legal counsel for the American Institute for International Steel (AIIS), told AMM. "How is this going to help but just make the Chinese very mad? Well see what the WTO panel thinks."
The legislation gives Commerce the authority to continue applying both anti-dumping and countervailing duties to non-market economies like China and Vietnam despite earlier decisions by the U.S. Court of Appeals and the Court of International Trade (CIT) ruling otherwise (AMM, March 7).....
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