White House Balks At Currency Provision In Customs Bill
By Alex Lawson (May 14, 2015, 3:58 PM EDT) -- The Obama administration on Thursday vehemently opposed a customs enforcement bill provision enabling trade officials to counter foreign currency manipulation with import duties, but stopped short of issuing a threat to veto the entire bill and vowed to work with lawmakers to strike a compromise.
In a formal statement of administration policy, the White House repeated its long-standing view that while it shares the overall policy of stemming unfair currency practices among its trading partners, it cannot support approaching the issue in the context of U.S. trade remedy laws.
"Those provisions would undermine our international efforts to address this issue, raise...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!