“For too long, trade cheats have shuttered plants across our state, put Ohioans out of work and distorted global markets,” Brown stated. “This bipartisan legislation will strengthen our trade remedy laws, make clear the U.S has the tools to fight back against these harmful practices and will help keep Ohio workers on the job.”
“This bipartisan bill will strengthen our antidumping and countervailing duty laws to challenge China’s unfair trade practices and protect American jobs in sectors that are important to Ohio,” Portman announced. “Nowhere is China’s disdain for the free market more evident than in the steel overcapacity crisis. Twenty years ago, China produced 18 percent of the world’s supply of steel. Now it is roughly 50 percent. Today it is steel, but tomorrow it could be electric vehicles or semiconductors. This overcapacity is the result of deliberate choices by China to subsidize their industries and degrade the free market in pursuit of global market dominance, all at the expense of American jobs.”
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p>The senators explained the Eliminating Global Market Distortions to Protect American Jobs Act will strengthen trade remedy laws in part by:
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setting a process for successive and concurrent investigations at the International Trade Commission (ITC) and U.S. Department of Commerce (Commerce Department) and directing the ITC to view certain factors concerning the relationship between the successive investigation and concurrent or lately concluded investigations on the same imported product;
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asking the Commerce Department to issue preliminary determinations in these repeat offender cases to guarantee prompter relief for U.S. manufacturers and workers, thereby strengthening the powers of the U.S. government to enforce antidumping and countervailing duty laws;
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p>addressing the expanding problem of cross-border subsidization, as foreign governments subsidize their own manufacturers not only at home though in third-country markets as well; and
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explaining the Commerce Department’s authority for antidumping and countervailing duty proceedings, accommodating to crack down on importers that try to avoid anti dumping or countervailing duties, and allowing the Commerce Department to ask importers to provide certification upon entry of an article into the United States that the imported article is not subject to an antidumping or countervailing duty order.