Commerce minister warns US on trade
Print Edition
CHINA’S commerce minister yesterday urged the US not to abuse the global trade system by imposing duties on Chinese goods to protect its own economy, following a rebuke to Washington by the World Trade Organization.
WTO judges said on Monday the US broke its rules in imposing hefty duties on Chinese steel products, solar panels and a range of other goods Washington argues enjoyed government subsidies.
In comments carried on the trade ministry’s website following the WTO ruling, Chinese Trade Minister Gao Hucheng said his country would not sit idly by while the US harmed the rights of Chinese companies.
“The misuse by the United States of trade measures to help (their) economy seriously harmed the legal rights and interests of Chinese companies. Not only is the Chinese government seriously concerned, it will not sit by and look on,” Gao said.
The US needed to look at how it contravened WTO rules and correct its mistaken ways, he added.
In the US$7.2 billion Chinese case, the panel found Washington had overstepped the mark in justifying the so-called countervailing duties imposed as a response to what it saw as subsidies to exporting firms by China’s government.
The US is weighing its options after the ruling.
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