WTO backs U.S. in case against China duties on steel


GENEVA/WASHINGTON (Reuters) - A World Trade Organisation panel on Friday ruled in favour of the United States in a case against import duties imposed by China on a specialty steel product used in power transformers.

"With respect to each of the 11 programmes at issue, the panel concluded that China had acted inconsistently" with WTO rules governing the use of countervailing duties, which are used to counteract unfair subsidies, the panel said in its ruling.

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