General Discussion
Showing Original Post only (View all)Congress PASSES tariffs and duties law on Chinese imports, it sits on Obama's desk now! [View all]
Un fucking believable. Congress finally did it. They finally gave China the middle finger.
The fight is on. The revolution against the war on America's working class has finally been joined by Congress. Will it be joined by Obama, too?
http://www.reuters.com/article/2012/03/06/us-usa-china-trade-idUSTRE8251FA20120306
Bill targeting Chinese subsidies goes to Obama
By Doug Palmer
WASHINGTON | Tue Mar 6, 2012 6:25pm EST
(Reuters) - The House of Representatives on Tuesday voted 370-39 to ensure the United States can impose duties on subsidized goods from China and Vietnam, a move the White House said was needed to protect American jobs.
The bill, which overturns a recent court ruling, now goes to President Barack Obama to sign it into law. The Senate passed the legislation on Monday, in a rare display of bipartisan cooperation, just days after it was introduced.
"China distorts the free market by giving enormous subsidies to its producers and exporters, and our companies and workers should not be expected to compete against the deep pockets of the Chinese government," House Ways and Means Committee Chairman Dave Camp, a Michigan Republican, said during debate.
Vice President Joe Biden praised Congress for taking "a clear stand against the unfair trade practices that have put countless American jobs in jeopardy."
The Obama administration helped craft the bipartisan bill after an appeals court ruled in December the U.S. Commerce Department did not have authority to impose countervailing - or anti-subsidy - duties on goods from "non-market economies".
The decision endangered countervailing duties on about two dozen goods from China and Vietnam worth more than $4 billion in trade, as well as potential new duties in cases involving solar panels and wind turbine towers from China.
U.S. Commerce Secretary John Bryson said current duties protect tens of thousands of jobs at more than 80 companies in 38 states. They cover steel, aluminum, paper, chemicals and other goods from China and plastic shopping bags from Vietnam.