China asks WTO for $2.4 billion sanctions against U.S. in latest clash
China is seeking $2.4 billion in retaliatory sanctions against the United States for failing to comply with a World Trade Organization ruling in a case that highlights White House complaints about the global trade body.
The WTO's Dispute Settlement Body (DSB) will review the case which dates back to the Obama-era on Oct. 28, a document published on Monday showed.
WTO appeals judges said in July the United States did not fully comply with a trade body ruling about tariffs it put on Chinese solar panels, wind towers, and steel cylinders. They said Beijing could impose retaliatory sanctions if Washington did not remove them.
Washington has challenged the validity of the WTO ruling and could dispute the $2.4 billion in retaliatory sanctions, sending the matter to arbitration.
https://www.msn.com/en-us/money/markets/china-asks-wto-for-dollar24-billion-sanctions-against-us-in-latest-clash/ar-AAJ6r10?li=BBnb7Kz
