in a long-running dispute that tariffs placed on $250 billion of Chinese goods like solar panels, steel pipes and lawn mowers, by President Barack Obama were unfair. The ruling which has been slammed by the Trump administration raises the stakes in the trade war between Beijing and Washington.
China approached the WTO in 2012 to challenge U.S. tariffs imposed on Chinese goods, including solar panels, which Washington claimed threatened American jobs and businesses because Beijing was subsidizing businesses and state-owned companies. . The WTO appellate body - part of the organization’s dispute settlement arm - agreed that while some Chinese goods were subsidised by the state, it found enough evidence to suggest that the U.S did not correctly calculate the impact of the government support.
US trade representative hit back, accusing the WTO appellate body of undermining its own rules and saying it would work to ensure a “level playing field” and minimise harm to local businesses and jobs. The U.S. has previously argued that Chinese state-owned enterprises receive preferential treatment through government subsidies, much to the chagrin of trade ministers in the U.S, as well as the E.U and Japan.
Sad, but yes these tariff's along now with POTUS's tariff's on China are not in the best interests of America, American business interests, nor American consumers especially! Attn: CommerceGov , EnergyCommerce , WhiteHouse , realDonaldTrump
WAY TO GO OBAMA Even out of office you still screw up the economy.
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