The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Geneva (AFP) — The United States broke global trade rules by slapping import duties on Indian steel products, a WTO panel ruled on Monday, calling on Washington to fall into line.

A World Trade Organization dispute settlement panel, said that Washington had “acted inconsistently” with regulations set down for the international body’s 160 member economies.

“We conclude that the United States has nullified or impaired benefits accruing to India,” said the panel, which is made up of independent trade and legal experts.

“We recommend the United States bring its measures into conformity with its obligations,” it added.

India filed its complaint at the WTO in 2012, after Washington imposed duties of nearly 300 percent on imports of products including steel pipes.

The United States applied the duties because it felt Indian steel manufacturers were benefitting from unfair subsidies.

WTO members are allowed to impose so-called countervailing duties — a special import tax — if they believe that their domestic manufacturers are being hurt by subsidies granted by a trade partner to its companies.

The WTO regulations require the importing country to first conduct a detailed investigation that shows properly that domestic industry is hurt.

Legal sparring over the scope and depth of such investigations, and the legitimacy of subsidies and countervailing duties is commonplace at the WTO.

The WTO polices global trade accords in an effort to offer its member economies a level playing field.

Its panels can authorize retaliatory trade measures by the wronged party if its rival fails to fall into line.

It disputes process can last for years however, owing to appeals, counter-appeals and compliance assessments.

Monday’s ruling was the first by the WTO panel in the steel case, and Washington has the right to appeal.

AFP Photo

Interested in world news? Sign up for our daily email newsletter!

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

MAGA Children's Books

The GOP descent into full-blown conspiracy and fascist hell has not gone unnoticed as of late. With the right-wing dominated Supreme Court poised to finally overturn Roe V Wade and 2022 races focusing on backing Republicans who support Trump's 2020 election lies, democracy and decency are all but dead and Democrats are going to have to turn out big in the midterms to prevent a GOP takeover over the House or Senate.

But while the focus of progressive ire has been over the GOP's assault on reproductive rights, Republicans have also been waging a war on facts and education quite well. After all, they need their voters nice and ignorant to remain in power. Book banning and, sickeningly, book burning is a thing for the GOP in the year 2022. The state of Tennessee, for example, is banning books. In fact, a psychotic trump zealot pastor led an actual book-burning event.

Keep reading... Show less

Pat McCrory

Youtube Screenshot

If former North Carolina Gov. Pat McCrory is any indication, the GOP primary wounds wrought in the last several months stand a good chance of bleeding into the general election this fall.

McCrory, who lost his bid Tuesday to become the Republican nominee for the Tar Heel State's open Senate seat, declined to endorse his GOP rival, Rep. Ted Budd, the Trump endorsee.

Keep reading... Show less
{{ post.roar_specific_data.api_data.analytics }}