This comes amid US President Trump's announcement that the signing site of the 'phase one' trade deal with China would be announced 'soon'.Sputnik International
A World Trade Organization’s arbitrator ruled Friday that China could impose $3.6 billion worth of tariffs on US goods over its unfair anti-dumping practices."We determine that the level of nullification or impairment of benefits accruing to China as a result of the WTO-inconsistent methodologies used by the United States in anti-dumping proceedings concerning products imported from China is 3,579.128 million USD per annum," the ruling read.The latest announcement by the WTO focuses on a case dating back long before the current trade dispute. It has to do with a complaint filed by China almost six years ago when it sought more than $7 billion in retaliation. Under this ruling, China can introduce higher tariffs against the US than is currently allowed in accordance with WTO rules. Beijing will also be able to choose which US products and sectors to target....
WTO Allows China to Impose Retaliatory Measures Worth $3.6 Bln Against US
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