The World Trade Organization (WTO) has ruled that the U.S. administration’s tariffs on Chinese goods in 2018 were not consistent with international trade rules.
The WTO said the U.S. did not provide evidence that its claims of China’s unfair technology theft and state aid justified the border taxes.
However, this has not gone down well with U.S. President Donald Trump.
After hearing the news, the President noted that China had been allowed to have a free rein in trade, which ought to stop.
“We’ll have to do something about the WTO because they’ve let China get away with murder,” Trump said.
“We’ll take a look at that, but I’m not a big fan of the WTO,” he continued.
On the other hand, Chinese officials welcomed the ruling.
Meanwhile, U.S. Trade Representative Robert Lighthizer, in a press statement, noted, “This panel report confirms what the Trump Administration has been saying for four years: The WTO is completely inadequate to stop China’s harmful technology practices.”
“The United States must be allowed to defend itself against unfair trade practices, and the Trump Administration will not let China use the WTO to take advantage of American workers, businesses, farmers, and ranchers,” he added.
Yvad Billings, Readers Bureau, Contributor
Edited by Jesus Chan
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