US challenges China over high-tech steel imports
WASHINGTON (AP) — The U.S. is accusing China of failing to comply with a World Trade Organization ruling against China’s imposition of duties on high-tech American steel.
Washington says the duties caused a $250 million annual drop in exports.
The ruling concerns grain oriented flat-rolled electrical steel that is used primarily by the power generating industry. The WTO ruled in November 2012 that China had unfairly imposed antidumping and countervailing duties.
China has reduced its countervailing duties, but the U.S. contends that step was insufficient.
The U.S. says it’s the first time it is challenging Beijing’s compliance with a WTO ruling.
The U.S. Monday sought consultations with China within 15 days. If it is not satisfied by China’s response, it can refer the case back to the WTO and potentially seek redress.