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WTO says U.S. tariffs on Chinese goods violated international trade rules

2020-09-16 08:56:24       source:CNBC

September 15, 2020


NEW YORK — The World Trade Organization ruled Tuesday that additional tariffs imposed in 2018 by the United States on Chinese goods violated international trading rules, a blow to the Trump administration’s trade war against the world’s second-largest economy.


A three-person panel of WTO trade experts said Washington broke with global regulations in 2018 when it slapped more than $200 billion in levies on a slew of Chinese goods. Since March 2018, the U.S. has imposed tariffs on $400 billion in Chinese exports.


"The United States has not met its burden of demonstrating that the measures are provisionally justified," the panel said in a report. The panel offered an additional observation, saying the group was "very much aware of the wider context in which the WTO system currently operates, which is one reflecting a range of unprecedented global trade tensions."


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https://www.cnbc.com/2020/09/15/wto-says-us-tariffs-on-chinese-goods-violated-international-trade-rules.html