|
Position Paper On Trade Protection Remedies
- Steel consumers need access to a stable, adequate supply of globally priced raw materials.
- While trade remedy (antidumping and countervailing duty) laws provide an important protection for American steel producers, trade remedies intended to protect one industry often cause serious unintended consequences in other parts of the economy, and those consequences can be more damaging than the protection provided.
- U. S. Government policy should strike a balance between providing protection for industries facing foreign competition and ensuring that the protection does not create more economic harm than good.
- Specific recommendations include:
Giving industrial consumers of a product equal standing with domestic producers, foreign producers and importers in trade cases; Requiring U. S. trade laws to include an analysis of the total impact of any decision on the overall economy, including any "downstream" impacts, before implementing any trade remedy; Barring future trade remedies against products that are not made in the U.S., or are in "short supply;" and, Providing for an expeditious review mechanism when "changed circumstances" demonstrate the need to alleviate unintended downstream consequences of trade remedies.
|
