US taxes on shrimp imports from Thailand and India are breaking international trade rules, the WTO ruled today, rejecting an appeal from the US. The global commerce referee upheld a decision it issued in February.
Governments impose anti dumping taxes when they believe their markets are being flooded with below-cost imports. Washington defends how it calculates the fees, but the WTO has consistently ruled that the US excessively taxes foreign goods suspected of dumping.
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