The Trump Administration has lodged an appeal against the ruling of the World Trade Organization (WTO) that found US tariffs imposed on China in 2018 violated global trade rules.
According to an official of WTO, the panel of the organization had ruled that the US had not justified why the tariffs imposed after a Section 301 investigation against China were a justifiable exception to its obligations.
The US delegation in its appeal said that the panel report “reflects a major, missed opportunity for the WTO to begin to address the most serious problem faced by every member that seeks a balanced and fair world trading system: namely, aggressive, state policies that seek to dominate broad industrial sectors.”
A disputes court panel ruled in China’s favor in September this year over unilateral US tariffs imposed on US$234 billion worth of goods in 2018 and 2019, after the US failed to convince the panel that the tariffs were legitimate under a “public morals” defence.
It should be noted that relations between the United States and China have been to the lowest since the novel coronavirus outbreak in the world.
White House trade adviser Peter Navarro in his statement has said that the trade deal with China is “over,”.
Peter Navarro linked the breakdown in part to Washington’s anger over Beijing’s not sounding the alarm earlier about the coronavirus outbreak.