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Commerce proposes scrapping block on cross-border subsidy probes

May 9, 2023 at 6:31 PM
The Commerce Department is proposing to strike a longstanding rule that restricts the agency from investigating subsidies provided by governments to entities beyond their borders, potentially paving the way for new probes targeting China’s Belt and Road Initiative. The possible change comes as part of a tranche of proposed revisions to trade remedy enforcement rules announced by Commerce in a May 9 Federal Register notice . It would eliminate Commerce’s “transnational subsidies regulation” while “reserving the provision for future consideration,”...

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