Space Industry and Business News  
TRADE WARS
US appeals WTO verdicts on steel tariffs
By Nina LARSON
Geneva (AFP) Jan 27, 2023

Washington announced Friday that it had appealed against four World Trade Organization panel rulings faulting it for punitive tariffs imposed on steel imports from China and other countries.

It also appealed a ruling that it was flouting international trade rules by labelling imports from Hong Kong as being from China.

Former US president Donald Trump's administration introduced the tariffs on steel and aluminium imports from China, Norway, Switzerland and Turkey.

Marking a departure from a decades-long US-led drive for free trade, Trump justified the steep tariffs with claims that massive flows of imports to the United States threatened national security.

The administration of his successor, President Joe Biden, has taken a less combative tone but has stuck with the tariffs.

The expert panels the WTO set up in 2018 to settle complaints filed over the tariffs ruled last month that they were inconsistent with various articles of the General Agreement on Tariffs and Trade (GATT).

The panels also determined that these inconsistencies were not justified by the security exceptions provided for in the GATT, as they were not applied in a time of war or during a case of serious international tension.

- 'Fundamentally flawed' -

US Ambassador Maria Pagan criticised the rulings during a meeting of the WTO's Dispute Settlement Body (DSB) on Friday.

"The United States will not cede decision-making over its essential security to WTO panels," she said.

"For over 70 years, the United States has held the clear and unequivocal position that issues of national security cannot be reviewed in WTO dispute settlement," she said.

"The United States cannot support adoption of these fundamentally flawed and damaging reports," she said, announcing the US decision to appeal.

Washington has also appealed a separate ruling issued last month faulting it for another decision under Trump to stop stamping products as "Made in Hong Kong", and instead labelling them as Chinese-made.

After Hong Kong filed a complaint arguing that the move ignored its status as a separate WTO member, a DSB panel ruled the US shift in origins markings was "not justified" under global trade rules.

In the past, the WTO Appellate Body would have had three months to rule on any appeals filed.

But the appeals tribunal -- also known as the supreme court of world trade -- has been frozen since late 2019, after the United States under Trump blocked the appointment of new judges and demanded a dramatic overhaul.

By filing appeals into a void, Washington has in effect blocked China's ability to move forward and request financial compensation for the US activities deemed illegal by the DSB.

The issue of US tariffs on Spanish olives also came up during Friday's meeting.

In late 2021, a WTO panel ruled the steep import duties slapped on Spain's iconic agricultural export by the Trump administration in 2018 violated international trade laws and demanded that Washington rectify the situation.

The United States said Friday it had done so, but the European Union disagreed and said it was considering the next steps to make sure the WTO ruling is respected.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
WTO to weigh in on EU-China spats over Lithuania, patents
Geneva (AFP) Jan 27, 2023
The World Trade Organization will appoint experts to examine two European Union complaints against China over patents and trade restrictions imposed on Lithuania, a Geneva-based trade official said Friday. The decision was reached during the WTO's Dispute Settlement Body (DSB) meeting on Friday, the official said on condition of anonymity. China is the EU's biggest trading partner, and the cases will burden the WTO with a thorny challenge at a time when its dispute settlement system is badly wea ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
The last mysteries of mica

Novel technique developed to obtain key chemical industry input without emitting CO2

Temperature-sensing building material changes color to save energy

MLU physicists solve mystery of two-dimensional quasicrystal formation from metal oxides

TRADE WARS
Viasat managed services contract by US Marine Corps

OneWeb and Marsh's mission-critical collaboration continues

Northrop Grumman, AT&T and Fujitsu demonstrate 5G-powered capabilities to support Joint Force

Blocking radio waves and electromagnetic interference with the flip of a switch

TRADE WARS
TRADE WARS
New Galileo service set to deliver 20 cm accuracy

HawkEye 360 to monitor GPS interference in support of the US Space Force

Falcon 9 launches sixth GPS 3 satellite

Quectel expands its 5G and GNSS Combo Antennas Portfolio

TRADE WARS
Electra Strategic to develop full-scale pre-production eSTOL aircraft for USAF

The future of the F-35 with an engine upgrade and better cooling

NASA issues award for greener, more fuel-efficient airliner of future

NASA, Boeing team up to develop lower-emissions aircraft

TRADE WARS
Danish quantum physicists make nanoscopic advance of colossal significance

Qubits on strong stimulants

Spin transport through molecular films long enough for spintronic devices

This chilling effect on stacked chips could ignite computing at the edge

TRADE WARS
New data platform to host Copernicus Earth observation data

Utah researcher to lead study of clouds in cleanest air on Earth

Future-proofing ice measurements from space

New study shows 'self-cleaning' of marine atmosphere

TRADE WARS
"Dark" side of air pollution across China poses potential health threat

Plastic pirouettes: Japan's recycled bottle ballet

Kelp farms could help reduce coastal marine pollution

Visibility of stars in the night sky declines faster than previously thought









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.