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Saturday, April 27, 2024

China can slap duties on $645m of US imports

The World Trade Organization ruled in favor of Beijing in an anti-dumping dispute between the United States and China that stretched all the way back to 2012.

GENEVA: The World Trade Organization on Wednesday handed a fresh victory to China, permitting it to slap duties on $645 million worth of US imports per year, in a long-running anti-dumping dispute with Washington.

The United States, which is unable to appeal against the decision, branded it “deeply disappointing” and said it reinforced the need to reform the WTO’s rules, saying they were being used to “shield” China.

“In light of the parties’ arguments and evidence in these proceedings, we have determined that the appropriate level… is $645.12 million per annum,” a WTO arbitrator ruled.

The WTO green light does not mean China will automatically…

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