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pampango

(24,692 posts)
8. The administration sent the bill to congress so I'm sure Obama will sign it.
Fri Mar 9, 2012, 06:59 AM
Mar 2012

"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"."

"Vice President Joe Biden praised Congress for taking "a clear stand against the unfair trade practices that have put countless American jobs in jeopardy." - I doubt if Biden would have publicly praised congress for passing the bill, if Obama planned on vetoing it.

"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."

&quot T)he U.S. Court of Appeals for the Federal Circuit ruled the Bush administration should have obtained legislation from Congress to make the policy change because the previous practice of not applying countervailing duties to non-market economies had become embedded in U.S. law.

The bill addresses the double counting issue to make sure U.S. countervailing duties against non-market economies do not violate WTO rules, lawmakers said."

This new law reinstates existing countervailing and antidumping duties and tariffs giving the administration the legal authority to do what it was already doing before the December court decision. It's what Obama wanted so I'm sure he will sign it.

Recommendations

0 members have recommended this reply (displayed in chronological order):

This one is a big deal Ziggystrange Mar 2012 #1
I haven't heard news that Obama has signed it yet. My fingers are crossed. Zalatix Mar 2012 #3
The administration sent the bill to congress so I'm sure Obama will sign it. pampango Mar 2012 #8
This is long overdue. nt demosincebirth Mar 2012 #2
I thought this was an april fools thing a few weeks early: Too good to be true Populist_Prole Mar 2012 #4
I'm stunned...I'm speechless...except for, I gotta say... GReedDiamond Mar 2012 #5
Even the Teabaggers, at large, oppose globalism. Zalatix Mar 2012 #6
About Freakin' Time unionworks Mar 2012 #7
This is a nice election year gesture, but it covers only about 1 percent of US imports from China leveymg Mar 2012 #9
Baby steps first. Zalatix Mar 2012 #10
That's fine. But, some people mistook it for a Big Deal. Proportionate claims. Important. leveymg Mar 2012 #12
The key is to awaken America. Most of America is enraged at offshoring of jobs. Zalatix Mar 2012 #13
I don't think that revolutions get sparked in Senate Committees very often. That's usually where leveymg Mar 2012 #18
Ultimately, everything Manufactured or Produced in China or anywhere in the 3rd World is subsidized. bvar22 Mar 2012 #11
obama made this an issue in 2008 shanti Mar 2012 #14
Wow that is a big deal. Hope he signs it!!! nt TeamsterDem Mar 2012 #15
Unable to make up their own minds about what is right or wrong, Bonobo Mar 2012 #16
I don't see how this is a big deal. Selatius Mar 2012 #17
FYI ProSense Mar 2012 #19
Hoorah! Take THAT, globalists! Zalatix Mar 2012 #20
Spam deleted by OKNancy (MIR Team) hmmy786 May 2012 #21
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