DeLauro Introduces China Market Economy Status Bill
Rep. Rosa DeLauro, D-Conn., on April 14 announced introduction of the China Market Economy Status Congressional Review Act (here), which would give Congress the authority to approve Chinese market economy designations made by the Commerce Department in the context of…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
antidumping cases, according to a press release (here). “Today, across our economy, American businesses are in crisis under the weight of billions of government-subsidized Chinese exports,” DeLauro said in a statement. “Meanwhile, American companies attempting to do business with China have faced severely unfair treatment by the Chinese government. Our trade deficit with China has now increased to a record $366 billion. The China Market Economy Status Congressional Review Act is a critical step in ensuring that we do not sell short our economy with a trading partner that does not play by the rules.” The act would give Congress 45 days to approve or disapprove any China market economy status determination by Commerce. Some, including China, say the U.S. is required to treat China as a market economy in antidumping cases beginning in December 2016 (see 1603020042).