WTO Rules Against U.S. in Subsidy Dispute
Reuters
The World Trade Organization said it had ruled against the United States in a dispute with the European Union over tariffs imposed by Washington on steel exports from former state-owned firms.
In its ruling, a WTO panel said the duties were inconsistent with so-called safeguard rules that WTO member countries can take to protect their industries.
The dispute centered on whether formerly state-owned companies continued to benefit from state subsidies granted before privatization.
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