22 April 2009

EU Narrows List of U.S. Exports Subject to Byrd Amendment Retaliation

The following is excerpted from today’s edition of ST&R “WorldTrade Interactive”.

The European Union announced April 17 a decrease in the volume and types of U.S. exports subject to trade sanctions in response to the continuing payout of benefits under the Continued Dumping and Subsidy Offset Act, or Byrd Amendment. These sanctions are linked to the amount of antidumping and countervailing duty revenues distributed to U.S. industry under the Byrd Amendment,…

Effective May 1 the EU will remove a number of products from the list of those subject to an additional 15% import duty and the level of retaliation will fall by more than 50% to $16.31 million….