Space Industry and Business News  
TRADE WARS
WTO faults US over Trump's China tariffs
By Nina LARSON
Geneva (AFP) Sept 16, 2020

WTO 'completely inadequate' on China trade violations: US
Washington (AFP) Sept 15, 2020 - The US responded defiantly on Tuesday to a World Trade Organization report criticizing President Donald Trump's tariffs on China, blasting the organization as "completely inadequate" in holding Beijing accountable.

"The United States must be allowed to defend itself against unfair trade practices, and the Trump administration will not let China use the WTO to take advantage of American workers, businesses, farmers, and ranchers," US Trade Representative Robert Lighthizer said in a statement.

A panel of experts set up by WTO's Dispute Settlement Body ruled the tariffs on about $250 billion worth of Chinese goods were "inconsistent" with global trade rules, and recommended that the US "bring its measures into conformity with its obligations."

The panel was created in January last year to review Trump's decision to hit China with the tariffs in 2018, which marked the beginning of a trade war between the world's two largest economies.

Beijing and Washington reached a partial truce earlier this year with the signing of their "phase one" trade deal.

Lighthizer said the WTO verdict would have "no effect on the... agreement between the United States and China, which includes new, enforceable commitments by China to prevent the theft of American technology."

Tuesday's announcement marks one of the first in a series of anticipated panel rulings over complaints filed by a long line of countries over Trump's decision to slap them with steep tariffs on steel and aluminum imports.

The World Trade Organization has upheld a complaint by China over additional US duties on some $250 billion of Chinese goods, a decision that sparked outrage in Washington.

The Geneva-based body has been caught in the middle of trade tensions between the United States and China, and has faced relentless attacks from President Donald Trump.

The tariffs, imposed in 2018, marked the beginning of the trade war between the world's two largest economies.

But a panel of experts -- set up by WTO's Dispute Settlement Body last year to review the US move -- ruled Tuesday the tariffs on Chinese goods were "inconsistent" with global trade rules, and recommended the US "bring its measures into conformity with its obligations".

The decision was met with ire in the US, with Trade Representative Robert Lighthizer saying it proved the WTO "is completely inadequate to stop China's harmful technology practices".

"The Trump Administration will not let China use the WTO to take advantage of American workers, businesses, farmers, and ranchers," he said.

But Beijing welcome the move as an "objective and fair ruling".

"China also hopes that the United States will fully respect the rulings of the expert group...take practical actions to meet China and other WTO members half way, jointly maintain the multilateral trading system, and promote the stable and healthy development of the world economy," a spokesman from the commerce ministry said.

- 'Blatant breach' -

Tuesday's announcement marks one of the first in a series of anticipated panel rulings over complaints filed by a long line of countries over Trump's decision to hit them with steep tariffs on steel and aluminium imports.

In a 72-page report, the panel said Washington had "not met its burden of demonstrating that its measures were provisionally justified" under international trade rules.

In particular, it rejected the US argument that the tariffs were applied to products it said had benefitted from practices that the US considers are contrary to "public morals", like theft, misappropriation and unfair competition.

"The United States had not met its burden of demonstrating how its restrictions contributed to protecting its public morals and did not extend beyond what was necessary," it said.

- 'No remedy' -

Lightizer said in response the US report had cited thousands of pieces of evidence showing China's unfair trade practices, which "have cost US innovators, workers, and businesses billions of dollars every year".

He said the WTO ruling showed that it "provides no remedy for such misconduct".

Usually parties unhappy with a panel decision can appeal within 60 days.

But that process has been complicated since the WTO Appellate Body -- also known as the supreme court of world trade -- stopped functioning in December after years of relentless US opposition.

Washington accuses the court of major overreach and has blocked the appointment of new judges, leaving it without the required quorum.

The European Union, China and a number of other countries have launched a temporary system for appealing trade dispute rulings, but the United States is not participating.

In its report, the panel stressed that it was "very much aware of the wider context in which the WTO system currently operates, which is one reflecting a range of unprecedented global trade tensions".

It called on the United States and China to "pursue further efforts to achieve a mutually satisfactory solution" to their dispute.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
EU and China talk trade despite rifts
Brussels (AFP) Sept 14, 2020
EU leaders will talk to Chinese President Xi Jinping seeking trade and investment Monday, despite tensions over Hong Kong's freedoms and Beijing's treatment of its Uighur minority. Chinese officials, EU chiefs Charles Michel and Ursula von der Leyen and German Chancellor Angela Merkel will hold a video-conference to replace a full summit with all 27 EU leaders cancelled because of coronavirus. China says an investment deal - already seven years in the making - can be agreed this year, but EU o ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Future Rocket Engines May Include Large-Scale 3D Printing

Expanding ESTEC's Test Centre

Microsoft says small Xbox S game console on the way

Next artificial intelligence mission selected

TRADE WARS
Lockheed Martin to build Mesh Network of 10 smallsats

Lockheed, York nab $281.6M for new military satellite network

New US Space Force technology beats satellite jamming attempts in recent test

Airbus to build BADR-8 satellite for Arabsat

TRADE WARS
TRADE WARS
Tech combo is a real game-changer for farming

Launch of Russia's Glonass-K satellite postponed until October

GPS 3 receives operational acceptance

Air Force navigation technology satellite passes critical design review

TRADE WARS
China airshow 'will be held' in November, say backtracking organisers

How the US Air Force is making it easier for aircraft maintainers to see at night

AFRICOM begins B-52 training missions in North Africa

University of South Carolina redefining aircraft production process

TRADE WARS
SoftBank Group selling Arm to NVIDIA for up to $40 billion

DARPA Selects Teams to Increase Security of Semiconductor Supply Chain

New technology lets quantum bits hold information for 10,000 times longer than previous record

Pentagon: It's time to bring microelectronics manufacturing to the U.S.

TRADE WARS
China launches new optical remote-sensing satellite

Machine-learning nanosatellites to monitor global trade

Momentus awarded NASA TROPICS Pathfinder mission

ESA launches small Belgian satellite carrying VTT's remote sensing technology into space

TRADE WARS
Smog blankets US West Coast as deadly wildfires rage

In EU, 1 in 8 deaths linked to pollution: report

Bolsonaro slams 'cancer' of environmental NGOs

Mauritian citizen becomes powerful voice for oil spill anger









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.