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WTO Sides with China on US Trade Tariff Case
Published on: 2014-07-16
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altChina won support from the World Trade Organization in challenging United States trade measures against Chinese products, while experts warned about underlying trade friction between the world's two biggest economies.
 
The WTO on Monday issued a panel report on the US' imposition of countervailing duties on 22 products from China. The WTO backed China "on many aspects ... and found the US measures breach the WTO rules, which is welcomed by China", said the Ministry of Commerce in an online statement.
 
Countervailing duties are tariffs on imported goods intended to offset subsidies in the exporting country.
 
In May 2012, China requested consultations with the US on the imposition of the countervailing duties. The WTO set up a panel in September 2012 to look into the dispute. 
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