U.S. Launches WTO Action Against China Over Nine Raw Materials

The U.S. has launched a new World Trade Organization enforcement action against China over nine types of raw materials key to several U.S. industries. U.S. Trade Representative Michael Froman said in a statement that China agreed to eliminate export duties on the nine materials when it joined the WTO, “but it has failed to follow through on this commitment.” China's export duties “provide substantial competitive advantages for Chinese manufacturers by making them more expensive for U.S. manufacturers that rely on...