No consensus reached among WTO members on 'rebalancing' of safeguard measures

The World Trade Organization's Safeguards Committee this week failed to resolve how to rebalance tariffs imposed by Turkey to counter safeguard measures levied by Thailand on imports of hot-rolled Turkish steel -- a case that has major implications for similar challenges the U.S. faces over safeguard restrictions it imposed earlier this year. Instead, the committee agreed to continue discussions next month, according to a Geneva trade official. The informal meeting was the second round of discussions on the issue, which...