US Trade Remedy Actions in the Steel Industry and its Political Linkage

Abstract

Abstract

US Trade Remedy Actions in the Steel Industry and its Political Linkage

Youn Ji Sun International Commerce Major The Graduate School Seoul National University

The aim of this paper is to prove that the trade remedy measures are not only based on the legal decisions but also political affairs. the paper will verify whether there is correlation between presidents political parties and the use of trade remedy measures. With focus on Anti-dumping (AD) and Countervailing Duties (CVD), the paper will analyze the legal amendments and political issues from Reagan Administration (1989) to Trump Administration (2017). The number of investigation surged when the economy was in recession and the trade deficit increased. Furthermore, the amendment of the Trade Acts had impact on the leverage on use of the trade remedy measures. Furthermore, special focus was set on steel industries because it traditionally has been the key target of the AD and CVD measures. By analyzing steel industry, the paper will point out what the problem is and make suggestions to reduces imposition of the trade remedy measures.