💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

China partially wins WTO case over Obama-era U.S. tariffs

Published 03/21/2018, 11:32 AM
Updated 03/21/2018, 11:40 AM
© Reuters. FILE PHOTO: Chinese national flags are flying near a steel factory in Wu'an

GENEVA (Reuters) - The United States did not fully comply with a 2014 ruling against its anti-subsidy tariffs on a range of Chinese products, a World Trade Organization compliance panel said on Wednesday, in a ruling that either side can appeal within 20 days.

China went to the WTO in 2012 to challenge U.S. anti-subsidy tariffs on 17 Chinese exports including solar panels, wind towers, steel cylinders and aluminum extrusions.

© Reuters. FILE PHOTO: Chinese national flags are flying near a steel factory in Wu'an

The WTO panel agreed that the United States had not correctly used third country prices to assess the subsidies, but supported the U.S. assertion that exporters were getting subsidies from Chinese "public bodies", despite China's claims to the contrary.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.