Japan takes on US over dumping tariff policy
Japan takes on US over dumping tariff policy
Japan is stepping up pressure on the US in a dispute about the way the US sets duties on imports it views as unfairly priced, by reviving a request for sanctions at the World Trade Organisation (WTO).
The Japanese decision is a further blow against the controversial US method of setting duties on goods that are dumped - sold for less than they cost at home. Critics say the US methodology inflates the tariffs, a practice that has been repeatedly condemned by WTO judges.
The US is the only one of the WTO’s 153 members to use zeroing, and US officials have acknowledged that they would have to modify their practice to comply with WTO rules.
American “exceptionalism”?
The day is coming when we won’t be able to get away with these sort of things.