To amend title VII of the Tariff Act of 1930 to provide that the provisions relating to countervailing duties apply to nonmarket economy countries.

This bill would change U.S. trade law to allow the government to impose "countervailing duties"—special import taxes—on goods from countries with nonmarket economies, such as China, if those goods are found to be unfairly subsidized by their governments. Currently, these specific anti-subsidy penalties are primarily applied to countries with market-based economies. For American citizens, the bill aims to protect domestic manufacturers and workers from foreign competition that benefits from government financial assistance, potentially leading to more stable domestic employment but also higher prices for certain imported consumer goods.