TOKYO: Asian steel-producing giants Japan and South Korea kept their powder dry yesterday as they gave Washington a chance to avert a trade war over steel import tariffs ruled illegal by the World Trade Organisation (WTO).
The WTO’s highest court had ruled on Monday that the US duties on imported steel violated international trade laws, raising the prospect of the European Union (EU) and other complainants retaliating if Washington failed to remove them.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
