The United States won a World Trade Organization ruling on China's price su...
GENEVA/BEIJING - The United States won a World Trade Organization ruling on China’s price support for grains, successfully challenging a calculation methodology that is also used by India.
“China’s excessive support limits opportunities for U.S. farmers to export their world-class products to China,” U.S. Trade Representative Robert Lighthizer said in a statement. “We expect China to quickly come into compliance with its WTO obligations. The U.S. trade representative’s office filed the complaint in September 2016, saying China had paid farmers nearly $100 billion more than allowed by the WTO rules. That provided an artificial incentive for farmers to produce more, lowering prices worldwide.
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