The US Senate has supported scrapping of the United States Department of Agriculture (USDA)’s catfish inspection programme because critics argued that the programme was wasteful and unnecessary.
The Obama administration on Friday asked the World Trade Organization to establish a dispute settlement panel to rule on U.S. claims that China is unfairly continuing anti-dumping duties on U.S. broiler chicken products.
The United States has decided to impose antidumping duties of up to 48 percent on imports of corrosion-resistant steel from South Korea and up to 451 percent on such imports from China.
The vote took place on May 25, with bill supporters, including Republican Sen. John McCain, arguing that the USDA programme is wasteful, duplicative and unnecessary.
Corrosion-resistant steel from China will face final U.S. anti-dumping and anti-subsidy duties of up to 450 percent under the U.S. Commerce Department's latest clampdown on a glut of steel imports, the agency said on Wednesday.
Group of Seven leaders agreed to work together to tackle oversupply in the Chinese economy, but didn’t go as far as calling out the country by name for steel dumping.
Leaving the European Union would cost British consumers 9 billion pounds ($13.2 billion) in annual additional import tariffs, World Trade Organization chief Roberto Azevedo said in an interview published by the Financial Times on Wednesday.