AGL 40.39 Increased By ▲ 0.38 (0.95%)
AIRLINK 127.51 Decreased By ▼ -0.48 (-0.38%)
BOP 6.61 Increased By ▲ 0.01 (0.15%)
CNERGY 4.48 Decreased By ▼ -0.12 (-2.61%)
DCL 8.56 Increased By ▲ 0.08 (0.94%)
DFML 42.24 Increased By ▲ 0.76 (1.83%)
DGKC 87.25 Increased By ▲ 0.67 (0.77%)
FCCL 32.61 Increased By ▲ 0.47 (1.46%)
FFBL 65.16 Decreased By ▼ -0.26 (-0.4%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.50 Decreased By ▼ -0.99 (-0.9%)
HUMNL 14.56 Decreased By ▼ -0.19 (-1.29%)
KEL 5.13 No Change ▼ 0.00 (0%)
KOSM 7.54 Increased By ▲ 0.42 (5.9%)
MLCF 41.53 Decreased By ▼ -0.12 (-0.29%)
NBP 59.53 Decreased By ▼ -0.56 (-0.93%)
OGDC 194.30 Decreased By ▼ -0.39 (-0.2%)
PAEL 28.15 Increased By ▲ 0.20 (0.72%)
PIBTL 7.83 Decreased By ▼ -0.17 (-2.13%)
PPL 151.65 Increased By ▲ 0.48 (0.32%)
PRL 26.50 Decreased By ▼ -0.38 (-1.41%)
PTC 16.05 Increased By ▲ 0.05 (0.31%)
SEARL 82.50 Increased By ▲ 4.30 (5.5%)
TELE 7.49 Increased By ▲ 0.10 (1.35%)
TOMCL 35.43 Decreased By ▼ -0.24 (-0.67%)
TPLP 8.19 Increased By ▲ 0.28 (3.54%)
TREET 16.25 Increased By ▲ 0.36 (2.27%)
TRG 52.80 Increased By ▲ 0.04 (0.08%)
UNITY 26.50 Decreased By ▼ -0.05 (-0.19%)
WTL 1.24 Decreased By ▼ -0.03 (-2.36%)
BR100 9,932 Increased By 11.4 (0.11%)
BR30 30,780 Increased By 28.7 (0.09%)
KSE100 93,516 Increased By 291.4 (0.31%)
KSE30 28,970 Increased By 85.2 (0.29%)
World

WTO finds US tariffs on China breach trading rules

  • A three-person panel ruled that Washington had not shown why the tariffs, imposed after an investigation into forced transfer of technology and intellectual property. It also found that the United States had not adequately explained the choice of products hit by the tariffs.
Published September 15, 2020

GENEVA/BRUSSELS: The World Trade Organization ruled on Tuesday that tariffs imposed by the United States on more than $200 billion of Chinese products in 2018 were inconsistent with global trading rules.

A three-person panel ruled that Washington had not shown why the tariffs, imposed after an investigation into forced transfer of technology and intellectual property, were a justifiable exception to Washington's obligations.

The panel found that the duties were inconsistent with trading rules because they applied only to China and were above the maximum rates to which the United States had committed.

It also found that the United States had not adequately explained the choice of products hit by the tariffs, or why the measures were necessary based on what Washington saw as Chinese companies' misappropriation and unfair competition.

"...The Panel recommends that the United States bring its measures into conformity with its obligations...," the report said.

The panel added that it had only looked into the US measures and not China's retaliation, which Washington has not challenged at the WTO. Noting "unprecedented global trade tensions", the three-person panel encouraged the two sides to work to resolve the overall dispute.

The United States could appeal against Tuesday's ruling. The case could then enter a legal void because Washington has blocked the appointment of judges to the appellate body, preventing it from convening the minimum number required to hear cases.

Comments

Comments are closed.