WTO Panel to Rule on Steel Tariff Legality
The World Trade Organization agreed to step into the escalating dispute over a U.S. hike in duties on imported steel, agreeing to a European Union request for a panel to rule on the legality of Washington’s decision.
The EU wants an independent panel to overrule the March decision by the Bush administration to raise tariffs on steel imports by up to 30%.
The panel could take up to a year to rule on the legality of the U.S. tariffs and either side can appeal the ruling, but a decision by the appellate body would then be final.
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