us wins over china at wto case on luxury cars
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

US wins over China at WTO case on luxury cars

Arab Today, arab today

Arab Today, arab today US wins over China at WTO case on luxury cars

Washington - AFP

The WTO on Friday rejected Chinese tariffs on US-made luxury cars, handing Washington a victory on one of the growing number of disputes between the world's two largest economies. A World Trade Organization panel, responding to a US complaint, found that China was inconsistent with the global body's rules when it imposed tariffs in December 2011 over alleged US dumping and subsidies. China, the largest foreign market for US automakers after Canada, ended the tariffs in December 2013 as the WTO case progressed. But a US official said that Washington insisted that the WTO formally rule against the measures to ensure that they stay off the books. "The message is clear -- China must follow the rules, just like other WTO members," US Trade Representative Michael Froman told reporters, echoing a common message from President Barack Obama's administration when responding to concerns about Beijing. "Americans deserve to compete on a fair and level playing field, and we will never stop fighting to ensure that our trading partners live up to the commitments they made in our international trade agreements," Froman said. China imposed the tariffs over what it said were unfair US practices amid a raft of trade disputes. But Froman noted that the United States had won in all three cases that had come to WTO resolution, the others concerning steel products and broiled chickens. The WTO decision came at the end of an especially tense week between the two powers, with the United States on Monday for the first time indicting Chinese military officers for allegedly stealing trade secrets through hacking. China in 2011 had imposed tariffs for alleged dumping -- selling in a foreign market at below home-market prices -- that ranged from 2.0 to 21.5 percent. It also slapped tariffs of up to 12.9 percent for what it said were US subsidies. Consumers in China, unlike those in some more developed Asian nations such as Japan and South Korea, have shown a strong appetite for cars from the United States as incomes grow. In 2013, the United States sold $8.5 billion in cars to China, about 13 percent of global US auto exports. The tariffs applied to cars from Detroit's Big Three -- General Motors, Chrysler and Ford Motor -- and also to automobiles from BMW, Mercedes-Benz and Honda that were manufactured in the United States.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us wins over china at wto case on luxury cars us wins over china at wto case on luxury cars

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us wins over china at wto case on luxury cars us wins over china at wto case on luxury cars

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday