WTO Puts Japan’s Chip Tariffs Under Microscope
The World Trade Organization will examine whether Japan is complying with a ruling against its punitive import charge on South Korean computer chips. The WTO has twice ruled against a 27.2 percent charge Tokyo levies on dynamic random access memory made by South Korea’s Hynix Semiconductor. Earlier this year, the WTO gave Japan until Sept. 1 to bring the tariff in line with international trade rules. A third ruling against Japan in the dispute could lead to South Korean trade retaliation against Japanese goods or services. The WTO set up a panel Tuesday to study the matter.
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WTO Puts Japan’s Chip Tariffs Under Microscope
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