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    Government/Policy

    February 9, 2020

    Leibowitz on Trade: Currency Manipulation—a Countervailable Subsidy?

    Written by Lewis Leibowitz

    Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington:

    On Feb. 4, the Commerce Department published a new regulation expanding countervailing duty law. Commerce will now for the first time entertain claims by U.S. industry that government action to “undervalue” a currency in relation to the U.S. dollar constitutes a “subsidy” on which Commerce could impose countervailing duties. 

    Lewis Leibowitz, SMU Contributor

    Lewis Leibowitz

    Lewis Leibowitz, owner of the Law Office of Lewis E. Leibowitz, practices in the areas of international trade law, customs law, and international commercial transactions. He represents clients before all federal courts and agencies dealing with international trade matters. Mr. Leibowitz advises and assists clients in diverse matters including trade remedies, customs, foreign-trade zones and free trade agreements, trade negotiations, and related matters. He can be reached at lewis.leibowitz@lellawoffice.com.

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