HomeBusinessWTO ruling finds China can penalize $645M worth of US goods

WTO ruling finds China can penalize $645M worth of US goods

GENEVA — A World Trade Organization arbitrator has determined that China can impose retaliatory tariffs on imports from the United States totaling as much as $645 million a yr, capping a decade-long dispute over U.S. duties on some Chinese goods.

The dollar-value award issued Wednesday follows a call in July 2019 from the WTO’s dispute decision course of, which the United States has since gummed up by refusing to permit for brand new judges to be appointed to its physique that acts as a form of appeals courtroom.

China had initially sought an award of $2.4 billion per yr, whereas the U.S. had argued that honest compensation would have totaled not more than $106 million yearly.

The ruling permits China to take motion to steadiness out what the WTO dominated have been unfair U.S. charges on some Chinese goods, together with thermal paper, photo voltaic panels, wind towers, metal sinks and a number of other varieties of pipes.

The standoff pre-dates a string of commerce disputes between the United States and China by way of the WTO through the Trump administration.

China nonetheless has not utilized retaliatory penalties on U.S. goods as much as an quantity of practically $3.6 billion that have been approved by a WTO arbitrator in a separate resolution in November 2019.

Copyright © 2022 The Washington Times, LLC.

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