WTO Says China Can Impose Sanctions On $3.5B Worth Of US Goods
WASHINGTON – The World Trade Organization said Friday that China can place new trade sanctions on $3.5 billion of U.S. goods in retaliation for U.S. restrictions on Chinese furniture, steel products and solar panels.
The award by an arbitration panel with the Geneva-based organization is the latest development in a trade war that has been ongoing for over a year now.
However, Friday’s decision stems from a case that started long before the Trump administration began placing tariffs on hundreds of billions of dollars’ worth of Chinese goods, and retaliatory measures imposed by Beijing.
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.
At the time it said its complaint covered an annual $7.3 billion in exports to the United States.
In December 2014, China won a partial victory when the WTO held the U.S. duties on solar panels violated trade rules.
A WTO appellate body found that the U.S. Department of Commerce acted “inconsistently” with rules that govern the trade group’s 160 members.
In March 2018, just before the current trade war began, the WTO held the U.S. did not fully comply with a 2014 ruling against its anti-subsidy tariffs on a range of Chinese products, setting the stage for Friday’s decision.
In The News
WASHINGTON — On March 17, 2021, Ambassador Katherine Tai was confirmed as U.S Trade Representative by unanimous vote in the Senate. Just a month later, in her first speech as USTR, Tai explained how the benefits of global trade could work as a powerful incentive for... Read More
WASHINGTON - The Defense Department is seeking comments on risks to the supply chain for strategic and critical materials. In February, President Joe Biden signed an executive order directing the Defense Department and three other federal agencies to closely examine America’s supply chains in four critical... Read More
WASHINGTON - The U.S. trade deficit surged to a record high in February as the nation’s economic activity rebounded more quickly than that of other nations carefully shake off the economic hardships associated with the coronavirus pandemic. The trade deficit jumped 4.8% to a record $71.1... Read More
WASHINGTON -- Virginia’s plan for a $3.7 billion passenger rail expansion was revolutionary on Tuesday when the governor announced it but later in the week looked like the tip of the iceberg. The next day, President Joe Biden presented his plan for $2.2 trillion in infrastructure improvements,... Read More
NEW YORK (AP) — A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia — while off the coast of California, dozens of container ships sit anchored, unable to unload their cargo. The pandemic has wreaked havoc with the supply... Read More
LOUISVILLE, Ky. (AP) — A hangover from Trump-era tariff disputes could become even more painful for American whiskey distillers unless their entanglement in a trans-Atlantic trade fight is resolved soon. Bourbon, Tennessee whiskey and rye whiskey were left out of recent breakthroughs to start rebuilding U.S.... Read More