WTO Finds China Broke Trade Laws, But Steelworkers President Says Action Not Enough
Yesterday, the World Trade Organization (WTO) ruled that China had illegally blocked the export of Chinese raw materials. Chinese tightening of raw material exports had the effect of artificially reducing prices for Chinese goods, because non-Chinese manufacturers couldn’t obtain materials as cheaply as Chinese firms could. “The panel found that China’s export duties were inconsistent …
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