Congressman Tim Griffin (AR-02) issued the following statement after House passage of H.R. 4105, which would allow the federal government to apply countervailing duty orders to nonmarket economy countries such as China:
"Allowing China and other nations to subsidize certain exports places American-made goods at an unfair disadvantage and threatens Arkansas jobs. That's why I was proud to co-sponsor this bipartisan bill, which is consistent with our international trade treaties, levels the playing field for U.S.-made goods and protects Arkansas workers."
H.R. 4105 would correct a 2009 U.S. Court of Appeals decision that said U.S. law prohibits the U.S. Department of Commerce from applying countervailing duties to nonmarket economies. The court's decision would have forced the federal government to terminate 23 existing countervailing duty orders, as well as six ongoing investigations, against products from China and Vietnam. This ruling would have negatively affected over 80 American companies and tens of thousands of hardworking American workers, including those at Little Rock's own Welspun Tubular.
"Recently, Welspun Tubular announced a $76 million project to build a new ERW pipe mill," said David Delie, President of Welspun Tubular. "The product that the new mill will produce is currently covered by a countervailing duty. If these duties are terminated, this could put our project, and the jobs it would create, at serious risk."
H.R. 4105 passed the House with an overwhelming majority.