USA LAUNCHES WTO PROCEEDINGS AGAINST CHINA OVER METAL EXPORT DUTIES
July 1st, 2016
The United States has launched World Trade Organisation (WTO) disputes proceedings against China, alleging that it breaches global trading rules by imposing export duties on certain non-ferrous metals sold to America. The US claims these range between 5% and 20%, and are levied on exports of antimony, cobalt, copper, lead, magnesia, tantalum and tin. Washington says the tariffs prevents overseas sales and hence makes domestic supplies of these metals cheaper for Chinese manufacturers, putting rivals in the USA at a disadvantage. By imposing these duties, China ...
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