WTO Sides With China in Tariff Row With US

0
WTO Sides With China in Tariff Row With US

The World Trade Organisation has ruled that the US violated the trade rules of the organisation by introducing high tariffs against Chinese goods as a part of its trade war against the Asian country. The organisation demanded that the US bring its tariffs into conformity with the country’s obligations as a member of the WTO.

The WTO’s ruling clarified that not only do Washington’s actions go against the regulations set forth by the global trade body, but that the US had also failed to properly justify the economic measures imposed against Beijing, as required by the WTO charter. The global trade body’s ruling further stressed that the US had failed to utilise the Dispute Settlement mechanism to resolve the issues that had arisen in the trade relations with China, as it was supposed to.

“Recalling Article 3.7 of the DSU that highlights that the aim of the dispute settlement system is to achieve a positive solution to a dispute, the Panel expresses its ongoing encouragement to the parties to pursue further efforts to achieve a mutually satisfactory solution [to their conflict]”, the ruling says.

DETAILS TO FOLLOW


©
Sputnik / Ruben Sprich

Sputnik News

South Africa Today – World News – Asia and Pacific

Disclaimer: The views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today. By viewing, visiting, using, or interacting with SouthAfricaToday.net, you are agreeing to all the provisions of the Terms of Use Policy and the Privacy Policy.