A World Trade Organisation court yesterday reaffirmed a ruling against the US for the way it calculates emergency tariffs on imports it deems unfairly priced, the latest stage in a long-running case brought by Japan.
The ruling by the WTO's appellate body opens the way for Japan to seek up to $250m (€177m, ￡151m) in trade sanctions on the US, and is likely to stoke a dispute about the use of so-called “antidumping” measures against imports by the US.
In a separate action, Washington is pushing for the $250m figure to be reduced.
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