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Bloomberg
China is seeking $2.4 billion in trade countermeasures against the US in a seven-year-old case it lodged with the World Trade Organisation (WTO).
In a document published on the WTO’s website on Monday, China requested that the Geneva-based trade arbiter discuss the matter at its next meeting of its dispute settlement body on October 28.
“In response to the United States’ continued non-compliance’’ with the WTO’s rulings, China requests authorisation “to suspend concessions and related obligations at an annual amount of $2.4 billion,’’ according to the filing.
At issues in the dispute are countervailing measures imposed by US that affected items including thermal paper, pressure pipe and kitchen shelving.