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Finally, people who actually understand global trade to probe Trump's tariffs on Chinese goods
WTO appoints three-bod panel to rule if levies break its rules
The World Trade Organization has appointed the three-person team whose job it will be to determine if the tariffs levied by the US's Trump administration on Chinese goods are flouting its rules.
The WTO's Dispute Settlement Body (DSB) announced it would look at the tariffs in January after receiving a complaint from the Chinese delegation back in May 2018.
According to a notice from director-general Roberto Azevêdo, the team will be chaired by Alberto Juan Dumont, the WTO representative for Argentina, assisted by Chile's Álvaro Espinoza and Colombia's Claudia Uribe.
Their task is "to examine, in the light of the relevant provisions of the covered agreements cited by the parties to the dispute, the matter referred to the DSB by China" and "assist the DSB in making the recommendations or in giving the rulings provided for in those agreements".
The Chinese claim (PDF) that Trump's tariffs are inconsistent with the US obligations under the General Agreement on Tariffs and Trade (GATT) 1994, an international treaty binding upon all WTO members that actually predates the organisation itself, and its Dispute Settlement Understanding (DSU) mechanism, which it said should have been used instead.
This is likely to develop into a global conversation: political entities that have reserved their rights to participate in the panel proceedings include the European Union, India, Japan, Russia and Turkey, among others.
The tariffs levied on China have had a serious impact on the technology landscape, increasing prices for essential server components, pushing up the costs of vendor gear, and reshaping supply chains.
The WTO is the largest international economic organisation in the world, and its primary concern is the regulation of trade between its 164 member nations. It typically prohibits discrimination between trading partners, but sometimes makes an exception for matters of environmental protection, national security, and other important goals.
The WTO tussle between the US and China started in August 2017, when the US initiated an investigation under the Trade Act of 1974 concerning alleged practices by China related to technology transfer, intellectual property and innovation.
The findings of this investigation were then used as a pretext to impose 25 per cent additional tariffs on approximately $34bn of Chinese imports in June 2018, including "information and communication technology" products.
In September 2018, the White House announced a 10 per cent tariff on $200bn worth of Chinese wares – from meat to monopods. Last month, the tariffs on affected products were increased to 25 per cent.
The US has also proposed further 25 per cent tariffs on all Chinese goods that haven't been affected yet – that's some $300bn worth of stuff. ®
https://www.theregister.co.uk/2019/06/05/wto_appoints_panel_to_investigate_us_tariffs_on_chinese_goods/
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Discussions
Be the first to like this. Showing 21 of 21 comments
google search.............FT Martin Wolf - The 100-year fight facing the US and China(2)
2019-06-06 13:17
Uncivilised, barbarous Trump will defy everything including verdict by WTO. What will WTO do then? economy sanction on USA???wakaka
2019-06-06 13:44
Chinaman become more likeable ...as long as Chinaman do not disturb our beloved PM.
2019-06-06 14:20
Of course this buffoon can leave WTO. And the politicians in US have no marbles to remove him even though he flout every law in the US. Most of the US politicians behave like clowns and are all clueless.
Huawei has just signed deal to develop 5G in Russia. US is not the world n the 5 eyes nations are its satellite nations.
2019-06-06 14:42
The important thing is : where is the switch? is it inside Trump's living room ? If it is, then there won't be many takers.
When this buffoon gets drunk, it will flick the switch off n yr internet is gone.
2019-06-06 16:40
Like Putin says "where is yr country's security when another nation can flick the switch on n off according to its whims.
2019-06-06 16:50
search Martin wolf..........The 100 years fight US and China.............Its always sad when scholarship and Martin wolf is ignored and Trumpism wins the day.........and that happened on 4 Nov 2016...........not last week.
2019-06-06 16:55
Trump is a destroyer... He built nothing and destroys stuffs.
Trumpism leads to misery all round, nothing good can come out of Trump
Martin wolf above is called scholarship.... Trumpism is bull shit
2019-06-06 16:57
The leader of any country would unquestionably want to make his country great. Trump has the power and he is using it. Ask yourself, if you are the PM with the same powers of Trump, will you do the same for Malaysia?
2019-06-06 17:00
tear...............Trump wants to take on both China and Mexico at the same time. People should just certify Trump as mad and take Trump off his misery.
2019-06-06 17:12
Like Putin says "where is yr country's security when another nation can flick the switch on n off according to its whims.
How is Trump making US great ? Other nations will shun its products. Imagine buying weapons systems fr US. The US can stop u from using the weapons systems by denying u the spare parts.
2019-06-06 17:15
S.Arabia has quietly seek China' help in developing its missiles. US is crying foul in CNN today.
2019-06-06 17:17
Trump is the modern day Hitler who took on Russia and America at the same time......when its all over, Trump will not be able to find a burial place for himself.........
2019-06-06 17:20
Trump is the modern day Hitler.
I agree. He provoked Russia to start a war n his minion in NATO talked about taking out Russian missiles placed inside Russia.
Putin responded that if there is no Russia, there will be no US.
Trump making US great ??
2019-06-06 17:30
The US and Trump wants to supress China by forcing it to adopt western style democracy and busness models so tht China can be like INDIA which is the biggest democracy in the world . Trump like the Indian democratic political system because India post no threat to US technologicl edge when it cant develop its own high speed train, 5G ,AI,smartphones and its own fighter jets.Trump is fearful of China socialist system with chinese character which produce results that challenge.US number 1 position
2019-06-06 23:01
China is no more practising communism advocated by Karl Marx. The economic system used by China has been transformed to capitalist but China maintain the political system of single party rule.They call such hybrid system as socialist systemt with chinese character
2019-06-06 23:44
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