The World Trade Organisation issued a final ruling yesterday that Chinese tariffs on imports of US steel were illegal, the latest in a string of such cases .
The WTO’s dispute settlement process confirmed an initial ruling in June that Beijing had broken international trade law in imposing anti-dumping and “countervailing duty” (anti-subsidy) tariffs on a type of steel used in power stations.
The case marks another use of WTO rules to prevent trade tensions escalating into a war of retaliatory increases in tariffs.
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