South Korea plans to raise the issue of U.S. restrictions on steel imports at World Trade Organization committee meetings next week, its trade ministry said on Friday.
China has decided to renew anti-dumping duties on imports of optical fiber from the United States and the European Union for another five years as old taxes expired a year ago.
Whether it is targeting the Indian IT industry by overhauling the H-1B visa program, or warning Japan and South Korea on trade deals, the US-led by President Donald Trump is moving against free trade. In such a scenario, Russia, India and China offer hope for saving free trade, experts said.
The steel industry is expected to maintain its recent double-digit growth this year, helped by the recovery of the property market, but it will also face the pressure of trade defense instruments in import markets and competition from cheap steel.
The U.S. and the European Union increased their scrutiny of China’s steel production subsidies and asked Beijing to justify the exclusion of nearly 200 government support programs in its latest World Trade Organization subsidy report.
Georgia-based solar manufacturer Suniva filed for Chapter 11 bankruptcy protection yesterday, after a multi-year struggle to keep pace with steep price declines in the global solar industry.
The US has blocked India’s request for a compliance panel on its revised guidelines on poultry imports, taken up by the WTO’s Dispute Settlement Body (DSB).
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