GENEVA (AP) — The World Trade Organization ruled Friday in favor of China in its case alleging the European Union is illegally taxing steel fasteners of all sizes needed for everything from furniture to cars to bridges.
The WTO’s appellate body said in its ruling that the EU isn’t complying with international commerce rules by imposing anti-dumping duties on the Chinese-made fasteners.
It said the 27-nation bloc isn’t calculating them fairly because it considers China to be a single exporter, rather than treating its companies individually.
It means the EU may have to adopt new regulations to lower its anti-dumping duties, but it will have broader impact still.
Read full article via WTO says EU illegally taxes China steel fasteners.