![]() ![]() “The WTO rules are the backbone of the international trade order. The European Commission, the EU’s executive arm, is in charge of trade matters in the 28-member bloc. The EU must now examine whether it also files a complaint at the WTO. firms an “unfair competitive advantage” over European producers even though this violated international trade law. market, allowing it to impose duties ranging from 3.62 percent to 148 percent.Īmong the affected companies are firms in Germany, Austria, Belgium, France and Italy. Department of Commerce issued a final finding that European and Asian producers dumped certain carbon and alloy steel cut-to-length plate in the U.S. Global steel prices have slumped as Chinese producers, who account for about half of the worldwide steel supply, have flooded the export markets, leading to protests and anti-dumping complaints by the United States, the European Union and others. He is also preparing to meet Chinese President Xi next week in Florida, with contentious trade issues likely to be high on the agenda. President Donald Trump is expected to sign executive orders on Friday aimed at identifying abuses causing huge U.S. German Foreign Minister Sigmar Gabriel speaks during a news conference with his Greek counterpart Nikos Kotzias (not pictured) following their meeting at the ministry in Athens, Greece, March 23, 2017.
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