The United States rejected China's request on Monday for $2.4 billion in co...
FILE PHOTO: Flags of U.S. and China are displayed at American International Chamber of Commerce 's booth during China International Fair for Trade in Services in Beijing, China, May 28, 2019. REUTERS/Jason Lee
GENEVA - The United States rejected China’s request on Monday for $2.4 billion in compensatory sanctions for alleged U.S. failure to comply with a World Trade Organization ruling, sending it to arbitration, Geneva trade official said. WTO appeals judges said in July the United States did not fully comply with a WTO 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 the tariffs.
Washington has challenged the ruling and at WTO’s Dispute Settlement Body on Monday it objected to the $2.4 billion sought, sending the matter to WTO arbitration to decide on the amount, the trade official said. The case dates to the Obama era but highlights continuing White House complaints about the WTO.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China United Airlines: Beijing to Shanghai budget flight review - Business InsiderI recently flew from Beijing to Shanghai on China United Airlines, which used to belong to the People's Liberation Air Force in the 1980s.
Read more »
‘Charlie’s Angels’ to Hit China on November 15“Charlie’s Angels” is set to land in China on Nov. 15. The new movie iteration of the 1970s TV show stars Kristen Stewart, Naomi Scott and Ella Balinksa as the three gun-toting, karate-chopping inv…
Read more »
Steve Bannon tells Fox News Joe Biden is 'totally compromised' by ChinaSteve Bannon said on 'Fox & Friends' that he thinks Joe Biden's presidential aspirations are 'compromised' by business that his son Hunter conducted in China.
Read more »
China goes bullish on blockchainA Chinese central bank official has urged commercial banks to step up their application of blockchain technology, following Xi Jinping's lead.
Read more »
Bitcoin holds ground after China voices support for blockchainBitcoin held ground on Monday near a one-month high scaled over the weekend afte...
Read more »
China Box Office: ‘Better Days’ Steps Out as World’s Top-Grossing FilmEdgy Chinese youth drama “Better Days” battled through two tangles with Chinese censors to come out on top this weekend as the highest grossing film in the world with a $81.5 million three-day debu…
Read more »