China Wins: WTO Support to Sanction $3.6 Billion in U.S. Trade
© REUTERS/Aly Song
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars, Bloomberg reports.
China won the World Trade Organization’s permission to impose $3.6 billion in sanctions against the U.S., in a case that predates the tariff war between the world’s two largest economies but may add a layer of tension to ongoing talks.
The damages awarded Friday, in a statement on the Geneva-based organizations’ website, are the third highest in WTO history.
Other materials on this subject
- Oil Ends Week Steady as China Growth Offsets Trade Deal Optimism "A well-expected fourth-quarter China GDP rate (6%) provided little clue for oil price trading on Friday morning, and mounting downward economic pressure will perhaps limit oil’s upside in the mid- to...
- Chinese Vice Premier Describes US-Chinese Cooperation as "the Only Correct Option" "We don't think tariffs are a good solution. Both sides need to solve problems through negotiation," the Chinese official added.
- Climate Change Tops Risks for World in 2020 – Davos Report In its 50th edition, the WEF in Davos will focus on preventing the erosion of international solidarity – a principle that underpinned the WEF’s foundation – and seek ways to build political and...
- USA and China Sign First Phase of US-China Trade Deal The deal, text of which was not released ahead of the signing, is said to include commitments by China to buy $200 billion of U.S. goods, including as much as $50 billion in agricultural products over...
- U.S., China Look to Reset Trade Relations with Signing of Phase 1 Deal U.S. officials called the deal a huge win that marked a significant shift in Washington’s relations with China, but said it included a tough enforcement measure that could trigger renewed tariffs if...
Read also
-
Chinese Vice Premier Describes US-Chinese Cooperation as "the Only Correct Option"
-
U.S., China Look to Reset Trade Relations with Signing of Phase 1 Deal
-
OPEC Sees no Risks of Oil Shortages Amid Tense Situation in Middle East
-
Iran, US Swap Prisoners
-
Trump Says China Trade Talks Moving Along Nicely, but Beal Has to Be Right
-
Eight Children Killed in Attack on School in China
-
US Hits EU With Ultimatum
-
US Sends Missile System and Ship to Middle East as Iran Tensions Escalate
-
19:17Artsakh’s General Elections to Take Place on March 31, 2020
-
18:03For the First Time Ever Istanbul's Mayor Issues a Condolence Note on the Day of the Assassination of Hrant Dink
-
17:47Armen Sarkissian in Zurich Met with Representatives of the French Thales Group
-
16:30Axios: "Birth Tourism" is Trump's Next Immigration Target
-
15:40Ex-NSS Chief’s Body had "No Signs of Violence" Other than Gunshot Wound, Authorities Say
-
14:545 Day Weather Forecast in Armenia
-
13:34President of Artsakh Partook at a Solemn Event Devoted to the Day of the Judicial System Worker
-
12:55Some Roads in Armenia are Closed and Difficult to Pass
-
12:03Armen Sarkissian will Participate at the 50th Annual Meeting in Davos
-
11:41Arthur Aleksanyan Beats Azerbaijan Opponent in Final
-
11:19Trump Says Good Relations with Russia, China are Beneficial for US
-
10:54Prince Harry on Leaving Royal Role: It Brings Me Great Sadness
-
10:17Why Did Prince Harry and Meghan Markle Decide to Step Back from Royal Duties?
-
16:295 Day Weather Forecast in Armenia
-
14:26Iran’s Geography Lesson to Macron
-
12:07Funeral service for Georgi Kutoyan to take place on January 19
-
11:31Iranian-Armenian Singer Andy Honored with a Star on the Hollywood Walk of Fame
-
10:15Some Roads in Armenia are Closed and Difficult to Pass
-
20:42Turkish Visa Price Increases: Armenian Citizens Will Pay $ 30
-
19:19PM Highlights Dissemination of Modern Farming Skills as he Sets Acquainted with CARD Foundation Activities
Most read
day
week
month
-
16:06Homemade Armenian Baklava: Kourtney Kardashian's Post Angers Turks
-
10:28Armenia, Artsakh and the World Around: What the Stars Say
-
19:42Among His Respective Achievements Alexis Ohanian Mentioned the Visit to Armenia
-
14:31A. Gundjian, K. Sarkissian Named Members of Order of Canada by Governor-General Julie Payette
-
09:32Nikol Pashinyan Addresses Congratulatory Message to Armenian People From Republican Square (PHOTOS)
-
14:29The Biggest Fashion Trends to Wear for Spring/Summer 2020
-
09:33The Hill: Armenian Church of Iran Included in Trump's List which He Threatened to Target
-
09:17Nikol Pashinyan, Anna Hakobyan and Catholicos of All Armenians Vsit Army Unit Ahead of Holiday Season (PHOTOS)
-
17:04Armenia's Constitutional Court Has Been Working under Unprecedented Pressure for the Last 6-7 Months: CC President
-
15:22Armenia's Speaker of Parliament Visited Several North-Eastern Border Positions to Congratulate on New Year
Weather
Yerevan
fair (night)
Humidity: 85%
Wind: 4 km/h
Humidity: 85%
Wind: 4 km/h
-3 C°
-5° 2°
21.01.2020
-5° 1°
22.01.2020
Poll