The American Iron and Steel Institute (AISI) is calling for an update to U.S. trade laws to fight against dumping, evasion of protective measures, and other unfair trade practices. AISI and other steel groups have urged the adoption of the "Playing Field 2.0 Act," which aims to provide the Department of Commerce with the tools needed to prevent circumvention of U.S. trade laws and address unfair trade practices.
AISI President Kevin Dempsey pointed out that the anti-dumping and countervailing duty laws have not been updated since 2015 and do not address subsidies used for offshore steel production under China’s Belt and Road Initiative. Dempsey also highlighted concerns about China’s failure to meet its World Trade Organization (WTO) obligations and the impact of China’s subsidies on U.S. steel producers.
Additionally, AISI has proposed changes to improve the administration of anti-dumping and countervailing duty (AD/CVD) laws. Currently, there are 309 AD/CVD orders against steel products from 45 different countries, reflecting the prevalence of unfair trade in the sector.
In July, U.S. steel associations also supported the Prove It Act, which requires verification of the carbon intensity of steel products and other goods.The American Iron and Steel Institute, Noting That U.S. Trade Laws Haven’t Been Updated Since 2015, Calls for Enhanced Legal Tools to Combat Dumping and Evasion of Protective Measures
Comments
No comment yet.