The administration said Monday that it would investigate the need to impose new quotas to prevent a "market disruption."
The erroneous trade rules were developed in response to the market disruption of May 6.
With such estimates in mind, American manufacturers asked the administration for relief in advance of any market disruption.
This is usually going to be driven very directly by the market disruption your business achieves.
Moreover, the administration did agree last year to put limits on some Chinese textile and apparel imports in advance of any market disruption.
"There is a concern that a trade disruption will turn into a financial market disruption."
Such large portfolio trades were found by a number of official studies to have exacerbated market disruptions during the crash.
This investigation will determine whether market disruption in Europe and elsewhere really has occurred.
Specifically, how quickly will we be able to utilise this mechanism in the case of serious market disruption?
I was also pleased to see Parliament support a multi-tiered safety net in the event of market disruption and, indeed, emergency situations.