LegalIssues ontheAllegedRMBCurrencySubsidyinthe Countervailing Case against Chinese Export Goods inthe U.S.——Commentonthe Case inwhichtheAmericanCompany NucorChallengesthe U.S.DepartmentofCommerce's DecisionnottoInvestigate anAllegedSubsidization by the People's Republic of China
Plaintiff,theAmericancompanyNucorFastenerDivisionchallengestheU.S.Departmentof Commerce's decisionnottoinvestigateanallegedsubsidizationbythePeople's RepublicofChinaofthe Chinesestandardsteelfastenerindustrythroughcurrencymanipulation.OnOctober 22,2010,thecourt ofinternationaltradeoftheU.S.madeadecisionas following: BecauseNucor's challengeisunripe,the Motions to Dismiss filed by United States are GRANTED,and this action is dismissed in its entirety,but withoutprejudice. This articlearguesthat,eveniftheRMBcurrencybeingundervalued,itcouldnotbe regardedas asubsidyundertheWTOSCMagreementsincethereis nospecific.