x

WTO: China can impose sanctions against U.S in anti-dumping case

By Our Reporter

The WTO announced on Friday in Geneva that China may impose sanctions on U.S imports worth up to 3.6 billion dollars per year over anti-dumping measures that violated World Trade Organisation rules.

The case goes back to 2014 and is unrelated to the ongoing trade war between the two countries.

China criticised methods used by the U.S to investigate Chinese export practices and conclude that China was dumping.

WTO arbitrators ruled that some U.S methods were indeed in violation of WTO guidelines.

The Arbitrators also found that the U.S did not change its methods within a reasonable time frame, entitling China to impose compensatory sanctions with an amount determined by the WTO.

Dumping refers to the export of goods at a price that does not cover manufacturing costs. Its purpose can be to force competitors out of the market.

China recently announced sanctions against the U.S in another case won before the WTO.

The case concerned U.S tariffs for subsidies to state-owned enterprises in China that violated WTO rules.

The case dates back to 2012 and is still pending arbitration, China named a sum of 2.4 billion dollars.

In October, arbitrators at the WTO approved billions in punitive tariffs against the European Union over illegal subsidies for European aircraft manufacturer Airbus.

The U.S is also threatened with new EU punitive tariffs because it has not fully implemented WTO rulings concerning aircraft manufacturer Boeing.

The arbitration ruling on the amount is expected in 2020.(dpa/NAN)

Hot this week

KEDCO MD Receives 3 Brigade Commander to Strengthen Security for Power Infrastructure

By Jabiru HassanThe Managing Director and Chief Executive...

Pro-Wike PDP Fixes May 23 for 2027 Presidential Primaries

By Joyce Remi BabayejuThe Pro-Wike faction of the Peoples...

Kaduna Government Warns Against Illegal Land Sales at NNPC Quarters in Sabon Tasha

By Achadu Gabriel, KadunaThe Kaduna State Government has...

US-Based Investors Claim ₦50bn EMIS Telecom Funds Remain Trapped in FCMB

By Achadu Gabriel, KadunaSome U.S.-based investors linked to...

Ombugadu Explains APC Defection as Women’s Group Declares Support for Tinubu

From Abel Zwanke, LafiaFormer Peoples Democratic Party (PDP)...

Basketball Promoter Igoche Mark Applauds D’Tigress After Victory Over Philippines

Nigerian basketball promoter Igoche Mark has congratulated the national...

NAWOJ Bayelsa Calls for More Leadership Roles for Women Journalists

The Bayelsa State chapter of the Nigeria Association of...

Delta PDP Congress Draws Large Turnout as Peter Mrakpor Emerges State Chairman

By Anne AzukaSupporters of the Peoples Democratic Party (PDP)...

Fire Damages More Than 10 Shops at Jos Terminus Market

By Israel Adamu, JosA late-night fire incident damaged more...

Plateau Government Condemns Kanam Ambush, Honours 20 Fallen Security Personnel

By Israel Adamu, JosThe Plateau State Government has condemned...

NEMA Warns Nigerians Against Fire Disasters, Heat-Related Health Risks

By Joyce Remi-BabayejuThe National Emergency Management Agency (NEMA) has...

Related Articles

Popular Categories

spot_imgspot_img