The United States is to keep its tariffs on imports of steel even though the World Trade Organisation, which regulates global trade, has said that the tariffs break international rules. This report from Steven Evans:
President Bush decided a year ago to make foreign steel companies pay tariffs of up to thirty percent when they exported to the United States. Producers throughout the world argued that the tariffs breached the international rules of trade as laid down by the World Trade Organisation, of which the United States is a member. Now the WTO panel of experts investigating the issue has agreed with the opponents of the American action in what's called an interim judgement. It is very rare for such an interim judgement not to be ratified, so the likelihood now is that Japan, the European Union and other countries will be allowed to retaliate with their own tariffs against American exports. The Bush administration said it would appeal and in the meantime the tariffs would stay.
Steven Evans, BBC North America Business Correspondent