WTO: U.S. Tariffs on Steel and Solar Panels 'Improper'

July 15th, 2014
in econ_news, syndication

Many U.S. Tariffs Violate WTO 'Laws'

Econintersect:  Many of the tariffs imposed by the U.S. between 2007-2012 are not valid according to a ruling from the World Trade Organization (WTO).   This ruling could restrict Washington's efforts to use tariffs as a punitive tool against state subsidized industries.  The ruling comes at a particularly critical time as trade negotiations are starting this week to remove protective barriers that have been set up in the global trade of 'green goods'.  Solar panels and wind turbines were two of the products involved in the ruling.  The U.S., EU, China and eleven other countries are involved in the latest efforts in the 'green energy' area that has in the past repeatedly failed to make progress toward agreements.


Follow up:

The WTO rejected the contention by the U.S. that excessive government subsidies (even ownership) were involved in pricing of exports in many of the industries addressed in two complaints against the U.S. by China and India.  The ruling rejected the U.S. claim that China and India were guilty of "dumping".  Instead of supporting the U.S. claims, the WTO said in the China case that "overcapacity and cut-throat competition had pushed the cost of Chinese products to the minimum in China as well as overseas".

In addition to 'green energy' related items the ruling included paper, steel, tires, magnets, chemicals, kitchen fittings and flooring among a long list of products.

John Lounsbury


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved