Wednesday, July 27, 2005
Level the Playing Field for U.S. Manufacturers Competing with China
Press Release
House Small Business Committee Chairman Don Manzullo will vote today for legislation to crack down on China and other countries that illegally subsidize their companies to give them an unfair competitive advantage over U.S. manufacturers.
The United States Trade Rights Enforcement Act (HR 3283), which the House will consider this afternoon, would provide various mechanisms to ensure China and other countries abide by their previous trade commitments.
The most significant provision would allow the United States to slap countervailing duties on non-market economies for illegally subsidizing their companies. China, a non-market economy, has evaded actions under the U.S. countervailing duty trade laws because current law only allows actions against market economies.
House Small Business Committee Chairman Don Manzullo will vote today for legislation to crack down on China and other countries that illegally subsidize their companies to give them an unfair competitive advantage over U.S. manufacturers.
The United States Trade Rights Enforcement Act (HR 3283), which the House will consider this afternoon, would provide various mechanisms to ensure China and other countries abide by their previous trade commitments.
The most significant provision would allow the United States to slap countervailing duties on non-market economies for illegally subsidizing their companies. China, a non-market economy, has evaded actions under the U.S. countervailing duty trade laws because current law only allows actions against market economies.
