Archived China seeks WTO backing for $7 billion sanctions on U.S. over dumping duties (reuters.com)
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Archived China seeks WTO backing for $7 billion sanctions on U.S. over dumping duties (reuters.com)
submitted ago by flyingcuttlefish
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[–] derram 0 points 1 point 1 point (+1|-0) ago
https://archive.fo/cw7bM :
'China won a WTO ruling in the dispute in 2016, and that judgment was confirmed by an appeal last year. '
'China told the WTO last month that the deadline for the United States to comply with the ruling expired on Aug. 22. '
'GENEVA (Reuters) - China told the World Trade Organization (WTO) on Tuesday it wanted to impose $7 billion a year in sanctions on the United States in retaliation for Washington’s non-compliance with a ruling in a dispute over U.S. dumping duties. '
'The WTO published an agenda on Tuesday for a meeting of its dispute settlement body on Sept. 21, showing China planned to take the legal step of asking for authorization for sanctions. '
'The request for authorization from the WTO to introduce the sanctions is likely to lead to years of legal wrangling over the case for the penalty and the amount. '
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