Steel group objects to countervailing duty proposal
The American Institute for International Steel, a group that promotes free trade in steel, is objecting to the possibility that countervailing duty cases could be brought against China until the country is classified as a market economy.
The institute claims that both the Department of Commerce and Congress 'have consistently rejected' countervailing duties against non-market economies.
The proposal is an attempt by complaining U.S. industries to 'have their cake and eat it too,' said Dave Phelps, the group's president.
The institute made the statements in response to a request by Commerce in the Federal Register for comment on the application of the countervailing duty law to imports from the China.