EU Hikes Byrd Amendment Sanctions To $95M

Law360, New York (April 23, 2010, 2:17 PM EDT) -- The European Commission has increased the sanctions it imposes against the U.S. over the controversial Byrd Amendment, which allows the U.S. government to distribute proceeds from anti-dumping and countervailing duties to parties that petitioned for the duties, to $95.38 million for the next year.

The new sanctions will take effect starting May 1, the World Trade Organization announced on April 20. It will be the fifth year in which the EU has imposed sanctions against the U.S. over the Byrd Amendment.

The EU said it increased...
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