US Asks for WTO Permission on $1.3 Billion in Retaliation Against China for Agriculture Subsidies
The U.S. says that China has not complied with the findings of the World Trade Organization on its excessive agriculture subsidies (see 1902280031), and so it is asking for permission to hike tariffs on Chinese goods to offset the $1.3…
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billion in annual subsidies. “The United States and China agreed that the reasonable period of time for China to implement the [Dispute Settlement Body]'s recommendations would expire on June 30, 2020,” the U.S. said in a document filed in Geneva. “The parties have not reached agreement on compensation. Therefore, the United States is entitled to authorization by the DSB to take countermeasures under Article 22 of the [Dispute Settlement Understanding].” The WTO will discuss the request July 29.