ITC Should Consider Revised Injury Standard for AD/CV Duty Determinations, Sen. Wyden Says
Under a recently passed law, the International Trade Commission must now look at a wider range of economic indicators to determine whether unfair trade is hurting U.S. producers in antidumping and countervailing duty cases, Senate Finance Ranking Member Ron Wyden,…
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D-Ore., said May 24 in testimony during an ITC final determination hearing on antidumping and countervailing duties on cold-rolled steel flat products. The Trade Preferences Extension Act of 2015 codified into law that workers and companies do not have to wait until they lose money to request and receive trade remedy relief, he said. "As you consider this case, I urge you to pay close attention to our recent clarification of the injury standard, and to ensure that our laws are strictly enforced," Wyden said. Sen. Sherrod Brown, D-Ohio, joined Wyden’s push for enforcement, and said the domestic flat steel products steel sector has met the statutory definition for injury in all three steel cases. “Steel imports are causing serious harm to our industry,” he said (here). “We’re seeing it in terms of import volume, those imports’ effect on prices, and their impacts on domestic producers.”