International

China seeks $2.4 billion in sanctions against U.S. in Obama-era case: WTO

China is seeking $2.4 billion in retaliatory sanctions against the United States for non-compliance with a World Trade Organization (WTO) ruling in a tariffs case dating to the Obama era, a document published on Monday showed.

WTO appeals judges said in July that the United States did not fully comply with a WTO ruling and could face Chinese sanctions if it does not remove tariffs on solar panels, wind towers, steel cylinders and aluminium extrusions.

China, in a request posted by WTO, ahead of a Dispute Settlement Body on October 28, said: “In response to the United States’ continued non-compliance with the DSB’s recommendations and rulings, China requests authorization from the DSB to suspend concessions and related obligations at an annual amount of $2.4 billion.”

Source: thehindu.com

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