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China Attempts WTO’s nod to impose tariffs on US Products worth USD 2.4 billion

China will request the World Trade Organisation for consent to impose tariffs about USD 2.4 billion worth of US products as reimbursement in a dispute that dates back to 2012, documents showed Monday.

In a statement circulated to WTO members a week, but delivered on Monday, China maintained that the punishment was warranted given the”United States continued non-compliance” with previous WTO rulings.

The move comes as the world’s two biggest economies continue to seek out a deal to work out a trade war that has seen countless dollars in tit-for-tat tariffs levied by either side.

However, the situation was pioneered in 2012 after former US president Barack Obama’s government staged duties on Chinese goods which range from thermal paper into solar panels and drill pipe.

The Obama government contended that the responsibilities were necessary to offset Chinese dumping of low price goods in the united states, unfairly damaging American manufacturers.

The case wound its way for many years throughout the WTO’s complicated dispute settlement in procedure.

In March 2018, WTO judges discovered the US had failed to comply with earlier rulings and Washington was applying illegal obligations.

China will officially ask the DSB to approve the tariffs in a meeting next week, but the US will be able to object.

That will automatically refer the case to an arbitrator, that could take over a year to issue a choice.