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

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Eid-el-Kabir: Northern CAN Greets Muslims, Urges Govt Action on Security

By Achadu Gabriel, Kaduna The Christian Association of Nigeria (CAN),...

Sultan Commends Sokoto Governor for Delegating Authority to Deputy

The Sultan of Sokoto and spiritual leader of Nigeria’s...

Eid Mubarak: NUJ FCTA Chapel Felicitates with Muslim Journalists, Prays for Peace and Unity

By Joyce Babayeju As Muslim faithful across Nigeria and the...

Eid-El-Kabir: Fatimah Observes Prayers with Kogites in Eika Ohizenyi

By Noah Ocheni, Lokoja The Kogi State Commissioner for Women...

Former Chief Justice Mohammed Uwais Passes Away at 89

Former Chief Justice of Nigeria, Justice Mohammed Uwais, has...

Mahmoud Advocates For Practical Agricultural Education

By Joyce Remi-Babayeju The FCT Minister of State, Dr. Mariya...

2025 EID EL KABIR : Wike Commends FCT Muslim Community For Peaceful Coexistence, Growth

By Joyce Remi-Babayeju The FCT Minister Barr. Nyesom Wike has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img