China asks WTO to impose $2.4 billion in penalties against U.S.

Associated Press  | Tue, Oct 22, 2019

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BERLIN (AP) — China is asking the World Trade Organization for the right to impose $2.4 billion in annual penalties on the United States in a case over Chinese subsidies dating back years.

A document published Monday showed China has called for the matter to be considered by the WTO’s Dispute Settlement Body next Monday. The matter would be referred to a WTO arbitrator if the U.S. objects to the amount China proposes.

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