WTO hands Obama victory in U.S.-China steel case [View all]
This discussion thread was locked as off-topic by NancyBlueINOklahoma (a host of the Latest Breaking News forum).
Source: Reuters
WTO hands Obama victory in U.S.-China steel case
(Reuters) - The World Trade Organization barred China on Thursday from imposing duties on certain U.S. steel exports, siding with U.S. President Barack Obama in a dispute with Beijing over a type of steel made in two election battleground states.
The case involved duties imposed by China on "grain-oriented electrical steel," which is used in the cores of high-efficiency transformers, electric motors and generators. The steel is made by AK Steel Corp of Ohio and ATI Allegheny Ludlum of Pennsylvania.
Although the specialty steel case is tiny compared with other trade disputes with Beijing, the WTO ruling gave Obama a timely win as he defends himself against accusations by his Republican opponent, Mitt Romney, that he is soft on China.
"Today we are again plainly stating that we will continue to take every step necessary to ensure that China plays by the rules and does not unfairly restrict exports of U.S. products," Obama administration trade representative Ron Kirk said in a statement.
Read more: http://www.reuters.com/article/2012/10/19/us-usa-china-steel-idUSBRE89H10920121019
= new reply since forum marked as read