WTO Will Probe U.S. Duties on Some EU Steel
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The World Trade Organization (WTO) launched a probe on Monday into a complaint by the European Union that the United States had failed to drop illegal import duties on some EU steel products.
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The European Union, Japan and others will be able to impose heavy sanctions against US firms dumping goods from early next year.
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The European Union has asked the World Trade Organization (WTO) to order the United States and Canada to lift sanctions on EU exports because of EU&#39;s ban on hormone beef.
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The World Trade Organization imposed penalties yesterday on exports ranging from apples to textiles, escalating a trade dispute the Bush administration has tried to defuse by unsuccessfully urging Congress to repeal legislation aimed at protecting US steel makers.
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A World Trade Organisation (WTO) panel  ruled on Thursday against some U.S. anti-dumping measures to  combat imports of Mexican stainless steel, in another rebuff  for a controversial U.S. trade remedy.
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The European Union threatened a World Trade Organization case against the US and Canada if they don&#39;t drop $126 million of tariffs, imposed on EU exports in retaliation for a ban on hormone-treated beef.
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(InfoWorld) - A U.S. government official played down reports that the U.S. is considering taking the European Union to the World Trade Organization (WTO) over the imposition of new duties on high-tech imports such as flat-screen monitors and digital set-top boxes. âThe U.S. has expressed its concern about the E.U. proposal to apply duties to sophisticated products covered by the Information Technology Agreement (ITA),â the official, based at the U.S. embassy in Brussels, said in a telephone interview Friday. He said taking the issue to the WTO, the worldâs trade arbitrator based in Geneva, is still a possibility. âOur options are open,â he said, but added that many concerns about trade matters do not end up as WTO cases. The ITA was signed by most countries producing IT products in 1997. It sets tariffs on goods designed for businesses at zero in order to help spur economic growth. However, as the price of items such as flat-screen monitors has fallen in recent years, they are increasingly being bought by consumers. The E.U. has started to reclassify some equipment as consumer goods, which require import tariffs of around 10 percent. Applying a tariff to new types of goods could potentially lead to higher prices, unless the vendor or manufacturer shoulders the additional cost. The European Commission, the E.U.'s representative body on trade matters, defended its actions. The E.U. classifies products on the basis of "objective criteria," Peter Power, the Commissionâs trade spokesman in a statement. "U.S. claims of E.U. re-classifying products in violation of ITA commitments are unfounded,â he said, adding that the EU "respects the spirit of the ITA" when classifying new technologies. TheÂ E.U. drew sharp criticism from the U.S.Â this week over its decision toÂ dismiss Microsoft's appealÂ of the European Commission's 2004 antitrust ruling against it. The U.S. government official, who did not wish to be identified, denied Friday that the U.S. concerns over tariffs are a reaction to that decision. "This is a long-standing issue for the U.S. government. We've been making these comments about the ITA since 2006," the official said.
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Canada may impose retaliatory duties on US imports for the first time since 1986, exposing strains in the world&#39;s largest trading relationship.
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The WTO agreed on Tuesday to formally examine a US complaint about shortcomings in China&#39;s intellectual property protection, as friction over trade builds between the world&#39;s economic superpower and its emerging rival.
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GENEVA - The World Trade Organization approved strong sanctions Friday against the United States for legislation that allows US companies to receive some duties collected from foreign competitors.
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The European Union and its allies got  the go-ahead on Tuesday to slap potentially heavy sanctions on  U.S. goods in a row that could stir trade tensions ahead of the  U.S. elections.
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Union trade regulators asked to probe 'one country, single store' policy
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The United States said it will file  on Wednesday a World Trade Organization complaint over what it  called "unfair" European subsidies to aircraft manufacturer  Airbus, the European rival of U.S.-based Boeing.
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The United States and Europe will discuss a spat over state subsidies to Airbus and Boeing at the World Trade Organization next week, a US official said.
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The U.S., European Union and Canada said they planned to ask the W.T.O. to investigate whether China has unfairly raised tariffs on imported auto parts.
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The WTO allows the EU, Japan and others to impose sanctions against US firms accused of dumping goods.
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The European Commission said Wednesday it will seek consultations with the United States at the World Trade Organisation in response to US action over state aid for the European aircraft maker Airbus.