Bloomberg.com: EU Renews WTO Complaint Over U.S. Anti-Dumping Calculations -by Jennifer M.Freedman

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EU Renews WTO Complaint Over U.S. Anti-Dumping Calculations -by Jennifer M.Freedman

The European Union wants World Trade Organization judges to prohibit U.S. customs-duty calculations that the bloc says illegally inflate import tariffs. The calculation, called ``zeroing,'' allows the U.S. to maximize import duties by selectively excluding some market price data. The U.S. used the methodology to work out whether imports of chemicals, steel and pasta from the EU were sold below cost, or dumped, on the domestic market. The WTO ruled in favor of Japan in a similar complaint in February 2005.

Friday's filing renews previous complaints because WTO arbitrators in the past have faulted the U.S.'s use of the zeroing methodology in specific instances, but hasn't outlawed the practice in principle.