WTO OKs Sanctions for Anti-Dumping Law
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The European Union received the go-ahead to start imposing trade sanctions against the United States in a dispute over an 88-year-old law that steel producers and other U.S. companies have used to fend off low-priced imports.
A panel of arbitrators for the World Trade Organization ruled that the 15-nation bloc could apply the sanctions in retaliation for the U.S. failure to repeal the 1916 Anti-Dumping Act, which was ruled illegal by the WTO almost four years ago.
The EU plans to adopt a “mirror” law that would allow U.S. companies to be prosecuted in the European Union under the same conditions as the U.S. law.
The U.S., however, said it believed the ruling meant that the EU could take action only after EU companies were forced to pay fines or make settlements, which has not yet happened.
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