Congress vote to reaffirm China tariffs
Source: Agencies |
March 7, 2012, Wednesday
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Print Edition
Print Edition
US Congress was moving yesterday to overturn a court decision and reaffirm that the government has the "right" to impose higher tariffs on goods from China and other countries that subsidize their exports to the United States.
The House was expected to pass the bill and send it to US President Barack Obama for his signature. The Senate approved it on Monday on a voice vote with no debate.
The speedy action came after a federal appellate court ruled in December that the US Commerce Department did not have the authority to levy the punitive tariffs because Congress had never explicitly given the agency that right.
The Commerce Department has been applying "countervailing" duties since 2007. The legislation ensures 24 existing higher tariff orders and six pending investigations against imports from China and Vietnam will continue to be valid.
The House was expected to pass the bill and send it to US President Barack Obama for his signature. The Senate approved it on Monday on a voice vote with no debate.
The speedy action came after a federal appellate court ruled in December that the US Commerce Department did not have the authority to levy the punitive tariffs because Congress had never explicitly given the agency that right.
The Commerce Department has been applying "countervailing" duties since 2007. The legislation ensures 24 existing higher tariff orders and six pending investigations against imports from China and Vietnam will continue to be valid.
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