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US – Lead and Bismuth II: United States – Imposition of Countervailing Duties on Certain Hot-Rolled Lead and Bismuth Carbon Steel Products Originating in the United Kingdom: Here Today, Gone Tomorrow? Privatization and the Injury Caused by Non-Recurring Subsidies*


In 1993, the US Department of Commerce began to levy countervailing duties on imports of certain leaded bars from the United Kingdom. The United States applied tariffs to goods imported from British Steel Engineering Steels, a subsidiary of British Steel plc. Following investigations by the US Department of Commerce and the United States International Trade Commission, the US authorities held that the imposition of duties was both required by Section 701 of the Tariff Act of 1930 (as amended) and not in violation of any of the country’s obligations as a member of the World Trade Organization.

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Brander James A. and Spencer Barbara J. 1985. Export Subsidies and International Market Share Rivalry. Journal of International Economics 18: 83100.
Diamond Richard. 1989. Economic Foundations of Countervailing Duty Law. Virginia Journal of International Law 29: 767812.
Goetz Charles J., Granet , Lloyd , and Schwartz Warren F. 1986. The Meaning of “Subsidy” and “Injury” in the Countervailing Duty Law. International Review of Law and Economics 6: 1732.
Olson Mancur. 1965. The Logic of Collective Action. Cambridge, MA: Harvard University Press.
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World Trade Review
  • ISSN: 1474-7456
  • EISSN: 1475-3138
  • URL: /core/journals/world-trade-review
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