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The European Parliament on Wednesday approved legislation to abolish its list of non-market economies while still allowing the European Commission to use third-party data in trade remedy investigations involving countries with significant market distortions.

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Leo Gerard, president of the United Steelworkers, said the union plans on “raising a lot of hell” if the Trump administration continues to delay action on the Section 232 investigations into the national security implications of steel and aluminum imports.

Plans by Zhongwang USA, a subsidiary of China Zhongwang Holdings Limited, to acquire U.S. aluminum producer Aleris Corporation have fallen through over U.S. government national security concerns, according to statements from both companies.

A Commerce Department memo and three preliminary antidumping determinations violate World Trade Organization rules, China claims in an updated version of its request for consultations with U.S. at the WTO over its continued treatment as a non-market economy.

If President Trump wants to rebalance the U.S. trade relationship with China to make it “reciprocal,” as he often says he hopes to do, he will have to do more than sign business and investment deals when he meets with Chinese President Xi Jinping in Beijing this week, executive vice president of the Chamber of Commerce Myron Brilliant said today.

The U.S. International Trade Commission this week upheld Administrative Law Judge Dee Lord's termination of U.S. Steel's trans-shipment claim that Chinese steel manufacturers misrepresent countries of origin, leaving just one of the company's original three claims active in the Section 337 investigation.