Date: 2013-08-01

WTO Panel Overturned Tariff Rates of Ball Bearings

The World Trade Organization on Tuesday ruled the U.S. had applied unfair antidumping duties on a number of goods, overturning an earlier decision that its tariff rates on some carbon steel products and ball bearings were in line with international trade rules.

The decision was a victory for Japan, which challenged the U.S. over the way it sets dumping fees.

In an unusually high-level reaction, Japan's Foreign Minister Taro Aso praised the WTO appeals body for the decision, which he said would help strengthen the system of rules guiding international trade.

The office of the U.S. Trade Representative in Washington said it was still studying the decision and could not immediately comment.

Governments investigate dumping when they suspect that producers are exporting products at below the market price in their own country

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