New Mexico Sues DOJ Over Unredacted Jeffrey Epstein Files Amid Ongoing Investigation 
US Dollar Hits Three-Month Low as Treasury Yields Fall 
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme 
Gold Prices Slide as Treasury Yields Surge, Fed Minutes in Focus 
Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push 
OpenAI Tightens AI Safety Monitoring After Security Incidents 
China Set to Hold Benchmark Lending Rates Steady for 15th Month 
Paramount-Warner Bros. Merger Delayed Until 2027 Amid Antitrust Lawsuit 
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth 
U.S. Public Debt Tops $40 Trillion for First Time 
European Stocks Slide as Iran War Escalation Sends Oil Higher 
REPAY Stock Rises After Visa Platform Connect Collaboration 
CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports 
US Treasury Doubles Long-Term Bond Buybacks as Yields Surge 
Coty Revenue Beats Estimates as Beauty Demand Holds Firm 
Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO 
Add as a preferred source on Google
The World Trade Organization (WTO) favored South Korea in its lawsuit against the US for levying high tariffs on its steel and power transformer products since May 2016.
According to the WTO panel, eight cases of Washington's tariffs on South Korean goods violated its rules.
The US has been imposing tariffs of 9.49 percent to 59.72 percent on South Korean steel products, and as much as 60.81 percent on its electrical transformers.
South Korea brought the case to the WTO in February 2018, as it failed to settle its differences with the US.
The US is applying the "adverse facts available" (AFA) provision, which allows very high anti-dumping and countervailing tariffs if an accused company fails to provide the data demanded by authorities.
South Korea's trade ministry said the WTO decision will prevent the unlawful application of the AFA provision on its other products.
