WTO rules against US taxes on Thai shrimp

GENEVA: A US tax on shrimp imports from Thailand is breaking international trade rules, the World Trade Organization has found on Friday.

Governments impose antidumping taxes when they believe their markets are being flooded with below-cost imports.

Thailand says the duties threaten its shrimp industry. Washington defends how it calculates the fees. But the WTO has consistently ruled that the US excessively taxes foreign goods suspected of dumping.