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Exchange Rates Countervailing Duties

Skadden, Arps, Slate, Meagher & Flom LLP

Department of Commerce Issues First-Ever Determination That Currency Undervaluation Is a Countervailable Subsidy

On November 4, 2020, the U.S. Department of Commerce issued its preliminary determination that passenger vehicle and light truck tires from Vietnam benefited from a range of government subsidies, including subsidies based on...more

Pillsbury - Global Trade & Sanctions Law

Department of Commerce Publishes Regulations Allowing it to Impose Punitive Duties on Products from Countries with Undervalued...

On February 3, 2020, the Department of Commerce published a final rule that amends the regulations for countervailing duty investigations to allow the imposition of duties on countries that undervalue their currencies....more

White & Case LLP

US Department of Commerce Publishes Final Rule on Treatment of Alleged "Currency Undervaluation" in Countervailing Duty...

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On February 4, 2020, the US Department of Commerce (DOC) published a final rule establishing a process by which DOC may treat a foreign country's "currency undervaluation" as a countervailable subsidy for purposes of US...more

White & Case LLP

US Treasury Department Designates China as a "Currency Manipulator" Under 1988 Statute

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On August 5, 2019, the US Department of the Treasury ("Treasury") announced that Treasury Secretary Steven Mnuchin, "under the auspices of President Trump," has determined that China is a "currency manipulator" pursuant to...more

Skadden, Arps, Slate, Meagher & Flom LLP

What to Expect From NAFTA Renegotiations

On July 17, 2017, the office of the U.S. Trade Representative (USTR) released a report on U.S. goals to modify the current North American Free Trade Agreement (NAFTA). The report provides insight into the issues that will be...more

Skadden, Arps, Slate, Meagher & Flom LLP

SEC Disclosure Trends Related to Brexit and the Trump Administration

The Brexit vote and President Donald Trump’s election and proposed regulatory and other reforms have led to worldwide geopolitical uncertainty. We expect reporting companies will continue to disclose risk factors relating to...more

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