Posted on 11/02/2019 4:48:45 AM PDT by gattaca
China secured the World Trade Organization’s go-ahead to impose $3.6 billion in sanctions against the US , in a case that predates the tariff war between the world’s two largest economies but may add a layer of tension to ongoing talks.
The damages awarded, in a document released Friday on the Geneva-based organizations’ website, are the third highest in WTO history. The amount is about half of what was requested by China, which argued that some US anti-dumping rules were illegal.
The case began before the 18-month-old trade war between the two nations, which has led to tit-for-tat tariffs covering some $500 billion in goods going in both directions. While the ruling deals with matters outside current negotiations to conclude phase one of a comprehensive trade deal, it gives Beijing a new -- and legal -- weapon to wield against the Trump administration if it opts to do so.
The ruling also comes as the US is mounting an assault on the WTO’s dispute resolution ..
(Excerpt) Read more at economictimes.indiatimes.com ...
WTO is a foreign enemy of the people.
Simple solution. Tell the WTO to go pound sand.
AMAZON quivering.
Agreed
The U.S. joined the WTO and NAFTA during slick Willy’s first term.
Not correct...7.9 billion was awarded to the US from the EU.
Works for me. China needs us more than we need them. I’d LOVE to see more stuff made in the USA. If they want a trade war, bring it on! Let’s compete: Capitalism versus Cronyism mixed with Communism!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.