The Commerce Department has the authority to countervail currency undervaluation, the Court of International Trade held in a decision made public Oct. 25. Judge Timothy Reif found that nothing in the text of the countervailing duty statute, the statute's legislative history or legislative or administrative developments prohibit Commerce from imposing CVD due to a country's undervalued currency.Read More >>
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In oral argument, a Chinese aluminum foil exporter and the government discussed Commerce’s procedure for selecting world benchmark prices for an input and for land purchases (Jiangsu Zhongji Lamination Materials Co. v. U.S., CIT # 21-00133).Read More >>