WTO upholds ruling against US taxes Indian shrimp

GENEVA: US taxes on shrimp imports from Thailand and India are breaking international trade rules, the World Trade Organization ruled on Wednesday, rejecting an appeal from the United States.

The global commerce referee upheld a decision it issued in February.

Governments impose antidumping taxes when they believe their markets are being flooded with below-cost imports. Washington defends how it calculates the fees, but the WTO has consistently ruled that the U.S. excessively taxes foreign goods suspected of dumping.