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WTO creates path for China to sanction the US regarding tariffs from the Obama era

WTO creates path for China to sanction the US regarding tariffs from the Obama era

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The United States did not fully comply with a World Trade Organization ruling and could face Chinese sanctions if it does not remove certain tariffs that break WTO rules, the WTO’s appeals judges said in a ruling on Tuesday. China went to the WTO in 2012 to challenge U.S. anti-subsidy tariffs on Chinese exports including solar panels, wind towers, steel cylinders and aluminum extrusions, exports that it valued at $7.3 billion at the time. The office of U.S. Trade Representative (USTR) Robert Lighthizer said the WTO ruling recognized that the United States had proved that China used state-owned enterprises (SOEs) to subsidize and distort its economy. But the ruling also said the United States must accept Chinese prices to measure subsidies, even though USTR viewed those prices as “distorted.” “This conclusion ignores the findings of the World Bank, OECD working papers, economic surveys, and other objective evidence, all cited by the United States,” the U.S. statement said. “The WTO…
Source: WTO creates path for China to sanction the US regarding tariffs from the Obama era

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