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WTO Reverses Ruling on U.S. Steel Duties, Backing China

World Trade Organization appeals judges reversed key parts of a ruling that largely backed the U.S. following a Chinese complaint about duties on imports of steel pipes, some off-road tires and woven sacks.

The U.S. announced levies in July 2008 on $200 million of steel-pipe shipments from China, South Korea and Mexico. Chinese exporters of the light, rectangular piping face countervailing duties, used to offset subsidies, of as much as 200 percent of the product’s price. They also face anti-dumping duties, which compensate for goods sold overseas at prices below those at home, of as much as 265 percent.