February 15, 2018 |
A bipartisan pair of senators on Wednesday are proposing the creation of a task force within the Commerce Department that would help small- and medium-sized businesses better fight unfair trade practices.
Sens. Gary Peters (D-Mich.) and Richard Burr (R-N.C.) are teaming up on legislation that would help businesses that typically lack enough resources to file cases against alleged trade violators.
The permanent task force fall under the the International Trade Administration (ITA) at Commerce, to identify and investigate trade violations such as dumping and recommend investigations with a focus on smaller businesses.
“Smaller companies with limited resources may not have the ability to identify trade violations, or worse, they fear retaliation from governments in foreign markets where they sell their products,” Peters said.
Peters said businesses in his state “often face unfair competition from foreign companies that flood American markets with artificially cheaper goods.”
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