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China Seeks $2.4 Billion in Penalties Against US at WTO

Associated Press

   BERLIN - China is asking the World Trade Organization for the right to
   impose $2.4 billion in annual penalties on the United States in a case
   over Chinese subsidies dating back years.

   A document published Monday showed China has called for the matter to
   be considered by the WTO's Dispute Settlement Body next Monday. The
   matter would be referred to a WTO arbitrator if the U.S. objects to the
   amount China proposes.

   The request stems from a July WTO appellate decision in a case dating
   to before the Trump administration, and unrelated to the tariffs it has
   slapped on Chinese goods.
   Washington criticized that decision, which it said recognizes that
   China uses state-owned enterprises to subsidize and distort its economy
   but contends the U.S. must use "distorted Chinese prices" to measure
   subsidies.

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