On the subject, the spokesman, Adam Hodge, considered “deeply disappointing” the decision of the arbitrator of the WTO, since “it reflects erroneous interpretations of the body of appeals that harm the capacity of the members of the WTO to defend our workers and our companies against Chinese subsidies that misrepresent exchanges”.
According to the spokesman, the decision “reinforces the need to reform the WTO rules for dispute resolution.”
“The (Joe) Biden administration will continue to use all its tools to defend the interests of American workers, businesses, farmers and producers,” Hodge warned.
The WTO decision is part of an old dispute between the two economic powers over the anti-dumping measures applied by the United States to multiple Chinese products, such as steel, wind masts, paper and tubes.
In 2012, the multilateral entity appointed a group of experts at the request of China.
At that time, the United States justified the measures by arguing the need to compensate Chinese subsidies to certain industrial sectors.
According to the WTO definition, “if a company exports a product at a lower price than it normally charges in the market of its own country, it is said to be ‘dumping'”.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
