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Commodities Economics & Trade Law & Regulation

WTO ruling finds China tariffs on US specialty steel breached trade rules

A World Trade Organization panel has ruled that China failed to comply with a previous ruling that found tariffs in China on a type of specialty steel products produced in the United States had failed to comply with global trade rules, Reuters reported. The US brought the case in 2010 after China imposed punitive duties on American exports of grain oriented flat-rolled electrical steel, used in the cores of high-efficiency transformers, electric motors and generators. A US trade representative said the tariffs had contributed to over US$200 million in export losses, but the WTO ruling also noted China had stopped applying the tariffs in April.

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