Smoot Hartley Archives

More Smoot Hartley Action

The U.S. International Trade Commission sided with U.S. steelmakers in a case over Chinese steel Wednesday, voting that U.S. industry has been damaged by a flood of imports of subsidized steel from China.

The ruling, which will likely result in duties of between 10% and 16% on future imports of Chinese steel pipes.

via U.S. Trade Panel Rules for Domestic Steelmakers Against Chinese Imports – WSJ.com.

Smoot Hartley ? Baby Steps

China has told the U.S. that it will take steps that could lead to higher tariffs on imports of autos made by GM, Chrysler and Ford.

Steve Collins, president of industry trade group the American Automotive Policy Council, said Wednesday that U.S. officials have told the three Detroit automakers that China is expected to begin an investigation under anti-dumping laws into their business practices as soon as next week.

The move is the latest trade dispute between the two countries, which are already fighting over steel pipes, chicken products, and pirated movies and music. The trade spats worsened after the Obama administration last month announced up to 35 percent duties on Chinese-made tires, to be imposed for the next three years.

via China to pursue trade case against US automakers

Smoot Hartley Act 2009

A day after strongly praising energy legislation passed by the House, President Obama on Sunday spoke out against a provision in the bill that would impose trade penalties on countries that do not accept global-warming pollution limits.

via Obama Warns Against Trade Penalties in Energy Bill ? NYTimes.com.