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WTO to review China bid for 7-billion dollars of trade sanctions on U.S.

2018-09-22 3 Dailymotion

Amid the ongoing trade war between the United States and China, the World Trade Organization on Friday looked into Beijing's request to impose more than 7-billion U.S. dollars of annual sanctions on Washington over anti-dumping practices. <br />A source close to the organization said that the arbitration was automatically triggered after the U.S. told the WTO that it objected to the level of retaliation proposed by China.<br />Beijing filed its dispute back in 2013, unhappy with how Washington assessed whether exports had been dumped in the U.S. market at unfairly low prices.<br />The WTO ruled in favor of China in 2016, but Washington missed the deadline of this August to bring its practices in line with the 2016 ruling. <br />The arbitration process normally takes a long time, and the results are not expected to be known for months. <br />

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