U.S.: Washington Tests A New Tool To Counter Alleged Trade Manipulation

The Trump administration has invoked a new tool for the first time in its ongoing crackdown on alleged trade manipulation. On April 11, the U.S. Department of Commerce used Section 504 of the 2015 Trade Preferences Act to recalculate anti-dumping measures on two South Korean companies. The United States argued, using the Trade Preferences Act, that a "particular market situation" allows for unfair trading practices so that the actual cost of production does not accurately reflect costs in an ordinary case....