US Wins WTO Case Against China On Luxury Cars
The WTO on Friday rejected Chinese tariffs on US-made luxury cars, handing Washington a victory on one of the growing number of disputes between the world's two largest economies.
Via AFP:
The WTO on Friday rejected Chinese tariffs on US-made luxury cars, handing Washington a victory on one of the growing number of disputes between the world's two largest economies.
A World Trade Organization panel, responding to a US complaint, found that China was inconsistent with the global body's rules when it imposed tariffs in December 2011 over alleged US dumping and subsidies.
China, the largest foreign market for US automakers after Canada, ended the tariffs in December 2013 as the WTO case progressed. But a US official said Washington insisted that the WTO formally rule agains...