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Search Results: keywords:"countervailing duties"

  • H.R. 2665, known as the “Trade Review Act of 2025,” proposes that Congress must be notified within 48 hours whenever the President imposes or increases a duty on an imported article. The bill requires the President to explain the duty's rationale and assess its potential...

    Simple Explanation

    H.R. 2665, called the "Trade Review Act of 2025," says that if the President makes a decision to add or raise a tax on stuff coming from other countries, Congress has to be told about it quickly and has 60 days to agree; if they don't, the new tax goes away. This doesn't include certain special taxes for things like unfair trade practices.

  • The bill, titled the “Leveling the Playing Field 2.0 Act,” aims to amend the Tariff Act of 1930 to improve how the United States administers antidumping and countervailing duties. It proposes new rules to address unfair trading practices, including successive investigations of certain...

    Simple Explanation

    The bill is like a set of new rules to help make trading fairer between countries, so people who try to sneak goods into the United States without following the rules might get in trouble, and smaller businesses might find it a bit tricky because of the new rules.

  • S. 1272 is a bill called the “Trade Review Act of 2025.” It aims to ensure that Congress is notified and has the chance to review any new duties or increases in duties imposed by the President on imported goods. The President must notify Congress within 48 hours of imposing...

    Simple Explanation

    Imagine the President wants to add extra costs called "duties" to toys coming into the country. This bill says the President has to tell Congress very quickly, and if Congress doesn't say it's okay within a couple of months, those extra costs go away.

  • The Leveling the Playing Field 2.0 Act amends the Tariff Act of 1930 to enhance the enforcement of antidumping and countervailing duty laws in the United States. It introduces rules to handle investigations into unfair trade practices more effectively, such as simplifying...

    Simple Explanation

    The Leveling the Playing Field 2.0 Act is like a set of rules to make sure that businesses selling things in the U.S. from other countries are fair and don't cheat, with money punishments for breaking these rules. It tries to protect local businesses by checking how prices are set and ensuring foreign sellers pay any extra fees they might owe.