AKIPRESS.COM -
The World Trade Organization has ruled the United States was wrong to impose punitive duties on a wide range of Chinese goods, in a decision that could have long-term impacts, Voice of America reported.
A WTO panel ruled Monday that the U.S. import duties on the Chinese goods – which include solar panels, steel and other products – were inconsistent with international rules.
Washington had argued the tariffs were justified in order to counteract government subsidies to Chinese companies that were then able to allegedly “dump” the goods in the United States at below market value.
Beijing, which filed the complaint in 2012, argued the tariffs represent illegal U.S. protection of American producers. The complaint covered more than $7.2 billion in Chinese goods, annually.
It is not clear whether the United States will appeal the ruling. U.S. Trade Representative Mark Froman said the government is “carefully evaluating its options,” but will continue its “strong and effective” remedies against unfair subsidies.
China's Commerce Ministry welcomed the ruling and urged the U.S. to “correct its wrongdoings” in order to “ensure an environment of fair competition.”
The WTO ruling found that Washington did not accurately calculate the value of Beijing's subsidies. It also said the U.S. did not meet certain other standards for determining the ownership of the Chinese companies.
