China appeals to WTO over decision on US steel
BEIJING (AP) - China has appealed a World Trade Organization panel's finding that it has been unfairly imposing tariffs on a high-technology U.S. steel product.
The Chinese Ministry of Commerce said in a statement posted on its website late Friday that the WTO panel's report, issued in June, failed to properly interpret relevant regulations. China asked a WTO appellate body to review the report.
The United States lodged a complaint in 2010 that challenged Chinese tariffs on U.S.-made grain-oriented flat-rolled electrical steel. China says it imposed the tariffs because U.S. "Buy American" provisions and state government procurement laws amount to a subsidy.
The Obama administration has been aggressive in filing WTO complaints against China, and Beijing often fights back, as governments try to boost exports amid slumping global demand.
Under WTO rules, countries are allowed to impose punitive tariffs to offset damage from both subsidies and dumping - selling products at below market value - but the U.S. contends that in this and other cases, China has used those remedy measures in an unfair and retaliatory way that hurts American exporters.
The WTO panel report, if unchallenged, would become a ruling or recommendation within 60 days. The appellate body can uphold, modify or reserve the panel's legal findings and conclusions.
The Chinese Ministry of Commerce said in a statement posted on its website late Friday that the WTO panel's report, issued in June, failed to properly interpret relevant regulations. China asked a WTO appellate body to review the report.
The United States lodged a complaint in 2010 that challenged Chinese tariffs on U.S.-made grain-oriented flat-rolled electrical steel. China says it imposed the tariffs because U.S. "Buy American" provisions and state government procurement laws amount to a subsidy.
The Obama administration has been aggressive in filing WTO complaints against China, and Beijing often fights back, as governments try to boost exports amid slumping global demand.
Under WTO rules, countries are allowed to impose punitive tariffs to offset damage from both subsidies and dumping - selling products at below market value - but the U.S. contends that in this and other cases, China has used those remedy measures in an unfair and retaliatory way that hurts American exporters.
The WTO panel report, if unchallenged, would become a ruling or recommendation within 60 days. The appellate body can uphold, modify or reserve the panel's legal findings and conclusions.
I miss the old days when America was a self sufficient nation. We made and sold our own clothes, steel, TVs, etc.. I'm just saying....
 @Rod Yep. The Japanese really cracked the market open, then NAFTA/APEC.
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But globalization is just a left wing conspiracy theory don't ya know. Yet still, here we are.
@Audio Cat @Rod One World Order,its been a fact for decades.Nafta,world without borders,its all part of it.All they need is the collapse of the US economy to enact.When we give our country over to the UN it will be done willingly by the people who have been conditioned for it the last 45 years.Remember when we fought communism?Soon we will embrace it with open arms.Not a conspiracy theory,its happening.