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China Wins WTO Case to Sanction $3.6 Billion in U.S. Trade

Posted: Sat Nov 02, 2019 8:46 pm
by DarkSide of the Moon
https://www.msn.com/en-ca/money/topstor ... Nb9#page=2
(exerpt)

(Bloomberg) -- China secured the World Trade Organization’s go-ahead to impose $3.6 billion in sanctions against the U.S., in a case that predates the tariff war between the world’s two largest economies but may add a layer of tension to ongoing talks.
The damages awarded, in a document released Friday on the Geneva-based organizations’ website, are the third highest in WTO history. The amount is about half of what was requested by China, which argued that some U.S. anti-dumping rules were illegal.

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Oh oh , Donnie is going to be pissed. China wins a judgment against the U.S. plus they now have leverage in ongoing trade negotiations.

Re: China Wins WTO Case to Sanction $3.6 Billion in U.S. Trade

Posted: Sat Nov 02, 2019 8:50 pm
by JAF
DarkSide of the Moon wrote:
Sat Nov 02, 2019 8:46 pm
https://www.msn.com/en-ca/money/topstor ... Nb9#page=2
(exerpt)

(Bloomberg) -- China secured the World Trade Organization’s go-ahead to impose $3.6 billion in sanctions against the U.S., in a case that predates the tariff war between the world’s two largest economies but may add a layer of tension to ongoing talks.
The damages awarded, in a document released Friday on the Geneva-based organizations’ website, are the third highest in WTO history. The amount is about half of what was requested by China, which argued that some U.S. anti-dumping rules were illegal.

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Oh oh , Donnie is going to be pissed. China wins a judgment against the U.S. plus they now have leverage in ongoing trade negotiations.
Thanks for posting, Pink Floyd Man. Much appreciated. :D

Trump can blame this on Obama... Too easy.

Re: China Wins WTO Case to Sanction $3.6 Billion in U.S. Trade

Posted: Sat Nov 02, 2019 9:06 pm
by DarkSide of the Moon
JAF wrote:
Sat Nov 02, 2019 8:50 pm
Thanks for posting, Pink Floyd Man. Much appreciated.

Trump can blame this on Obama... Too easy.
No worries, glad to help. :)

Yeah , but won't sit well with a loss on his watch. Besides, he hates giving someone the edge over him in negotiations, especially China.

Maybe China will sweeten the pot in negotiations by throwing in an investigation on the Bidens. :-D