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WTO lets China impose tariffs on U.S. in Obama-era case -Breaking

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© Reuters. FILEPHOTO: This logo was pictured at the World Trade Organisation’s (WTO), building, during a meeting of ministers to discuss a proposed agreement on reducing subsidies in the fisheries sector, Geneva, Switzerland. July 15, 2021. REUTERS/Denis Balibouse/File Pho

BRUSSELS, (Reuters) – China was authorized by the World Trade Organization (WTO), Wednesday, to impose compensatory tariffs of $645 million against the United States. This ruling is likely to be met with a cold reception in Washington.

China approached the WTO to contest anti-subsidy duties the United States placed between 2008 and 2012. They were primarily placed during President Barack Obama’s term. The tariffs applied to 22 Chinese products, including solar panels, steel wire, and other materials, from the United States.

Ten-decade-old case on alleged subsidies revolved around whether or not the United States should treat Chinese businesses in which it owns a majority as being controlled by the State.

Officials from the United States claim that China gets better treatment in WTO while subsidizing manufactured goods and then dumping them onto world markets.

China originally asked WTO’s three-person panel for permission to impose tariffs of $2.4 million on U.S. products.

However, the actual award is dwarfed in comparison to U.S. duties on over 300 billion Chinese goods that were imposed by Donald Trump (most of which remain in force).

It is a symbolic win for Beijing in the Geneva-based trade organization. In November 2019, the WTO awarded China https://www.reuters.com/article/us-china-trade-us-wto-idUSKBN1XB4K0 the right to retaliatory tariffs of $3.58 billion after finding fault with the way Washington determined if Chinese products are being dumped on the U.S. market.

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