A group of US congressmen has reintroduced the bill "Leveling the Playing Field 2.0 Act”, with the objective of Update trade remedies laws and address unfair trade practices, including repeat offenders and state subsidies from China, especially through Beijing's Belt and Road Initiative.

The bill Establishes a process for successive investigations, allowing companies to file antidumping and subsidy cases more easily when the production of similar goods moves to another country. It also introduces new criteria for the International Trade Commission to analyze the relationship between recent trade cases and previous ones.

El The US steel and iron sector has shown its support for the initiative. The The American Iron and Steel Association (AISI) and the Steel Manufacturers Association stressed that legislation is crucial to protecting the domestic industry. and prevent plants from closing and workers from losing their jobs.

The reintroduction of this project marks a significant U.S. effort to modernize its trade laws and address unfair competition impacting American workers and manufacturers.

Source:

Lawmakers renew bill to toughen trade remedies laws and target "serial cheaters"