ABSTRACT

Trade Remedy Law Reform in the 108th Congress [Updated July 22, 2003]   [open pdf - 63KB]

"Trade remedies are government measures to minimize the adverse impact of imports on domestic industries. Antidumping duties are used to counter the effects of imports sold at unfairly low prices on the domestic market. Countervailing duties are used to counter the price effects of imports that benefit from government subsidies in the exporting countries. Safeguard remedies (also called Section 201 and escape clause remedies) are used to reduce the injurious impact of surges in fairly trade imports. Some of the bills introduced in the 108th Congress would revise safeguard remedies. Others would change antidumping and countervailing-duty remedies. The congressional proposals follow different approaches to the same goal -- to ease the procedural burden in obtaining relief and improve the chances that U.S. industries would obtain relief. In so doing, the legislation would make it less likely that industries would press Congress to directly restrict imports through protectionist legislation. The 106th Congress did pass one change to U.S. trade remedy law, the so-called Byrd amendment. The 107th Congress did not act on trade remedy legislation, but treatment of trade remedy laws in trade negotiations was a major point of contention during the debate over legislation to grant the President trade promotion authority. Several bills that would amend U.S. trade remedy laws have been introduced in the 108th Congress."

Report Number:
CRS Report for Congress, RL30461
Author:
Publisher:
Date:
2003-07-22
Copyright:
Public Domain
Retrieved From:
Via E-mail
Media Type:
application/pdf
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