Rep. Tim Ryan Applauds Passage of Legislation that Ensures Commerce Department Can Continue to Apply Countervailing Duty Laws to Non-Market Economies
Bill Will Help Hold Countries Like China Accountable
WASHINGTON – Today, the House of Representatives passed H.R. 4105, a bill to reverse a court decision that interfered with the Federal Government's ability to apply countervailing duty law to non-market economies (NME), such as China. Representative Tim Ryan (OH-17) co-sponsored this legislation and supported its final passage today.
"Ohio has lost close to 100,000 jobs due to unfair trade practices by China," said Rep. Ryan. "It's absolutely essential we do everything we can to ensure that our trade relationships are fair. I'm glad the House was able to come together today and pass this minor fix to our trade law with bipartisan support, but we must start to tackle the larger trade issues together if we're going to make any progress for American jobs and businesses.
Last year, the U.S. Senate passed a bill to hold China accountable for currency manipulation, and today, almost four months later, we still haven't held a vote on it in the House. I'm proud that President Obama has proposed the creation of a new trade enforcement unit, but I'm still waiting for Congress to take its own bold action to hold our trade partners accountable."
H.R. 4105 overturns a federal court decision in GPX v. United States and preserves the validity of the countervailing duty proceedings against imports from China and Vietnam. This legislation also addresses an adverse World Trade Organization (WTO) ruling that there may be "double remedies" in situations where countervailing duties are applied to NME exports at the same time that antidumping duties calculated using the so-called "surrogate value" methodology are applied to the exports.