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The punitive duties amounted to the equivalent of almost SEK 2.2 billion and were the start of the trade war between the world’s two largest economies.
The Chinese Ministry of Commerce welcomes the ruling. In a comment, the ministry writes that it hopes the United States will now “act pragmatically and meet halfway with China and other WTO members.”
The United States, for its part, condemns the arbitral tribunal’s decision. The country imposed punitive tariffs in response to alleged industrial espionage and discontent with Chinese state-owned companies that compete on unequal terms.
“The United States must defend itself against unfair trade practices, and the Trump administration will not allow China to use the WTO to put itself at the expense of American workers, businesses and farmers,” said the country’s trade representative, Robert Lighthizer, in a statement. .
In January, the United States and China signed a new trade agreement to resolve the deadlock. Under that agreement, the United States will not increase any punitive tariffs on China, in exchange for China increasing its imports of American products by $ 200 billion compared to 2017 levels.
However, Tuesday’s WTO decision was vehemently anticipated by several other countries that briefed the United States on the country’s high tariffs on, among other things, steel and aluminum.
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