opinion

Court of International Trade Upheld Imposition of Countervailing Duties on South Korean Steel Producers

South Korean steel producers' challenges to the U.S. Department of Commerce's determination that allocation of 100% of credits to the producers in South Korea’s cap-and-trade system for greenhouse gas emissions provided a “countervailable subsidy."

Hyundai Steel Co. v. United States

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Court of International Trade Remanded Determination that Imposed Duties on South Korean Steel Producers Who Received Free Emission Credits

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Court of International Trade Upheld Imposition of Countervailing Duties on South Korean Steel Producers

Policy instrument

Fossil fuel

Greenhouse gas

Economic sector

Finance