China Seeks $2.4 Billion in Trade Countermeasures Against U.S.
China seeking countermeasures against the U.S. in a seven-year-old case it lodged with the World Trade Organization.
(Bloomberg) --
China is seeking $2.4 billion in trade countermeasures against the U.S. in a seven-year-old case it lodged with the World Trade Organization.
In a document published on the WTO’s website on Monday, China requested that the Geneva-based trade arbiter discuss the matter at its next meeting of its dispute settlement body on Oct. 28.
“In response to the United States’ continued non-compliance’’ with the WTO’s rulings, China requests authorization “to suspend concessions and related obligations at an annual amount of $2.4 billion,’’ according to the filing.
At issues in the dispute are countervailing measures imposed by the U.S. that affected items including thermal paper, pressure pipe and kitchen shelving.
To contact the reporter on this story: Richard Bravo in Brussels at rbravo5@bloomberg.net
To contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, Brendan Murray
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