WTO establishes panel to rule on whether US tariffs on Chinese tires are legal

Canadian Press – The World Trade Organization opened an investigation Tuesday into U.S. import taxes on Chinese tires, fees Washington says are needed to slow China’s rapid export growth and protect American jobs. The dispute focuses on a three-year tariff approved in September by President Barack Obama and is the latest in a string of trade battles between the U.S., the world’s biggest importer, and China, the top exporter. The two countries are also arguing over regulations affecting commerce in steel, poultry, patents and Hollywood films. Read article

Tags: Asia, New World Order, North America, politics