Economy
AISI tells Congress to tighten trade legislation
Written by Ethan Bernard
March 1, 2024
The American Iron and Steel Institute (AISI) is urging Congress to strengthen US trade laws.
Specifically, Kevin Dempsey, president and CEO of AISI, asked Congress to incorporate the provisions of the Leveling the Playing Field 2.0 Act in any trade legislation that moves forward this year.
“This legislation expressly provides the US Department of Commerce with the authority to use the countervailing duty law to address the growing problem of cross-border subsidies,” Dempsey said in a letter to Congress dated Feb. 27.
“It would also address the current lack of statutory deadlines for Department of Commerce circumvention inquiries, which result in significant delays for industry efforts to obtain relief against dumped and subsidized imports,” he added.
Dempsey said that currently “our trade laws have not kept up with the efforts of China and other nations to circumvent and evade trade enforcement measures.”
He was writing regarding the House Ways and Means Committee and Senate Finance Committee’s potential consideration of trade legislation, the letter said.
Ethan Bernard
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