WTO Rules Against U.S. on Dumping Law
The World Trade Organization ruled that the United States violated key trade agreements with a law that channels anti-dumping duties on imports to U.S. firms making similar products.
U.S. officials in Washington said they would appeal the decision, the latest in a series of WTO rulings against duties imposed by the United States to protect domestic producers from subsidized imports.
The law, known as the Byrd Amendment, requires the Customs Service to distribute the proceeds of anti-dumping and countervailing duties to U.S. companies that complain that cheap imports have undermined their business.
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