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WTO latest document shows that the US and China are willing to negotiate to avoid trade war

Enlarged font  Narrow font Release date:2018-04-23   Browse number:34
Note: According to a document issued by the World Trade Organization (WTO) on April 17, the U.S. government stated on Friday t

According to a document issued by the World Trade Organization (WTO) on April 17, the U.S. government stated on Friday that it is willing to negotiate with the Chinese government on the current trade dispute.


In this document submitted to the WTO Dispute Settlement Body on April 13, 2018, the US representatives said that the United States looked forward to hearing how China would resolve the “trade distortion policy” mentioned in the US investigation during the consultations. At the same time, they also expressed their expectation to know why China added additional tariffs on products imported from the United States.


On April 4, the U.S. issued a proposed list for the tariffs collection on Chinese products in advance. The list was mainly aimed at the products benefit from China's domestic industrial policies, including the products benefit from Made in China 2025 and 1,333 independent tariff project, with a total amount of US$46.4 billion. United States Trade Representative proposed to impose an additional 25% tariff on Chinese products on the list. On the same day, the Chinese government issued tariff countermeasures against the U.S.. The China’s Customs Tariff Commission of the State Council decided to impose an additional 25% tariff on 14 categories of 106  products originated in the Unite State such as agricultural products like soybean, automobiles, chemicals, aircraft and so on. The value of China’s imports from the United States is about 48.1 billion U.S. dollars, which is even higher than the value that U.S. imports from China.


On April 4th, China submitted a consultation request to the United States under the WTO dispute settlement mechanism, and formally initiated a dispute settlement procedure.


The United States has argued that the proposed tariffs on goods like electronics and machinery have not been levied yet, so China's request wasn't justified under WTO dispute settlement rules.
However, US tells WTO it will consult with China over tariff policies.

 
 
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