21 August 2019

US challenges China over hi-tech steel imports, BBC says

The United States has accused China of failing to comply with a World Trade Organization directive requiring it to drop duties on hi-tech US steel imports, the BBC reported Tuesday. The trade body had mediated in a dispute between the two nations in 2012 and found China to have been unfairly placing tariffs on US steel products. Washington says the taxes cost US firms more than US$250m (£152m) in exports, the report said. China said it has since cut import duties, but the US maintains that this is insufficient.

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