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. Last Updated: 07/27/2016

U.S. Loses Steel Case




GENEVA -- A World Trade Organization dispute panel has sided with the European Union in a challenge to U.S. duties imposed to counter state subsidies for British-produced steel. If upheld, the ruling could prevent the United States from levying penalties on products made by state-owned companies that are later privatized.


Last Wednesday, though, in a broader case, a separate WTO panel ruled in favor of the United States, finding that although part of a 1974 U.S. trade law permitting the use of sanctions was contrary to current international rules, the law had so far been carried out in a way that conformed with WTO requirements.


Thursday's ruling, which declared U.S. steel duties contrary to global trade rules, comes at a time that the country's steel industry is struggling to limit imports.


The office of the U.S. trade representative, Charlene Barshefsky, quickly said that it would appeal the decision.