Editor’s note: Unbelievable! The EU is taking China’s side in China’s challenge to the Section 301 tariffs imposed due to intellectual property theft. Another reason that multilateral efforts to rein in China are a fantasy.
The European Union last week rebutted several arguments the U.S. has advanced to defend its Section 301 tariffs on Chinese goods, contending in Geneva that they undermine the World Trade Organization’s dispute settlement system.
[September 20, 2019 | InsideTrade.com]
In a third-party submission backing China’s challenge of the Section 301 tariffs published on Sept. 11, the EU argues against the U.S. contention that a dispute settlement panel should rule that the U.S. and Beijing have reached their own solution to the dispute by imposing tariffs on each other. The U.S. has imposed tariffs on $362 worth of Chinese goods and China has retaliated in kind.
The EU also says the U.S. tariffs are not justified under the WTO’s public morals clause and that the panel should consider the U.S. decision to ratchet 10 percent tariffs on $250 billion worth of Chinese goods to 25 percent….
Read the entire article here.