Court to rule on trade law allowing tariffs on cheap imports
28/04/2008 12:00
WASHINGTON (AP) - The Supreme Court said Monday it will rule on a case that could make it harder for
The dispute centers on whether uranium that
The question is critical because only manufactured goods, not services, are subject to
Such duties have been slapped on a wide range of goods in recent years, particularly imports from
In the case accepted by the court, a French uranium enrichment company, Eurodif SA, and a group of
The utilities include subsidiaries of Dominion Resources Inc. (NYSE:D PRA) (NYSE:D) , Duke Energy Corp. (NYSE:DUK PRA) (NYSE:DUK) , Entergy Corp. (NYSE:ETR) and PPL Corp. (NYSE:PPL) The companies provide the majority of
The Commerce Department, however, decided in 2002 that enriching uranium is a 'manufacturing process' and not a service, and imposed a 20 percent antidumping duty on imports from Eurodif.
But the U.S. Court of Appeals for the Federal Circuit overruled Commerce in September 2007. That prompted the Bush administration and USEC Inc. (NYSE:USU) , a Bethesda, Md.-based company that is the sole
The Justice Department's Solicitor General, the administration's lawyer, said the appeals court's ruling 'has opened a potentially gaping loophole in the nation's trade laws' by encouraging U.S. importers and foreign companies 'to structure their transactions as contracts for 'services'' rather than for goods in order to avoid punitive duties.
Oral argument will be scheduled for the court's next term, which begins in October. The dispute consists of two cases,
Source: money.cnn.com
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