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WTO rules against US taxes on Thai shrimp

WTO rules against US taxes on Thai shrimp

A U.S. tax on shrimp imports from Thailand is breaking international trade rules, the World Trade Organization has found Wednesday.
Governments impose antidumping taxes when they believe their markets are being flooded with below-cost imports.
Thailand says the duties threaten its shrimp industry.
Washington defends how it calculates the fees. But the WTO has consistently ruled that the U.S. excessively taxes foreign goods suspected of dumping.


Updated : 2020-11-30 13:59 GMT+08:00