WASHINGTON — The Coalition for a Prosperous America (CPA) released the following statement after a World Trade Organization (WTO) arbitration panel authorized China to impose retaliatory tariffs worth $645 million on imports from the U.S. in a case from 2012 regarding Chinese subsidies to promote exports of products such as solar panels and steel pipes:
“This decision proves once again that the WTO aids and abets state capitalism and non-market economies like China,” said Michael Stumo, CEO of CPA. “This sham of an international organization is a major barrier to rebalancing harmful global trade imbalances and to national economic development efforts in the U.S. that seek to rebuild domestic industries and jobs after decades of unfair trade practices from China. The WTO is a holdover from a different era and is now worse than irrelevant. Congress and the Biden administration should simply ignore the WTO until it can be reformed or replaced.”
