China Files WTO Complaint Against US and Europe

China has filed a complaint with the World Trade Organisation over the way the US and Europe use anti-dumping rules against it.

Countries that sell exports below their cost of production – usually to get market share – have to pay duties as punishment.

But Beijing says its rates should now be reduced because China has been a WTO member for 15 years.

The US has signalled there would be no change in its approach.

And the European Commission said China’s legal challenge was a “regret” given a proposal to change the way it calculated the duties on China was awaiting approval from the EU’s 28 members.

Authorities in Washington and Brussels are keen to preserve tough rules prevent cheap Chinese products flooding their markets.

via BBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza