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Business Ticker: NORTH AMERICA: TRADE: RULING

WTO blasts China over auto part taxes

AP

The World Trade Organization made public its first official condemnation of Chinese commercial practices yesterday, releasing a February ruling that sided with the United States, the European Union and Canada in a dispute over car parts. The verdict found that China was breaking trade rules by taxing imports of auto parts at the same rate as foreign-made finished cars. It's demand: "The dispute settlement body requests China bring these inconsistent measures ... into conformity with its obligations."

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