At the request of the United States, the European Union and Japan, the WTO Dispute Settlement Body established on 23 July 2012 a panel to consider China’s export restraints of rare earths, tungsten and molybdenum.
The WTO Appellate Body on Monday ruled in Geneva that safeguard tariffs imposed by President Obama on China two years ago were legal under WTO rules.
WTO tells China fair trade means trade fair- Tires Dumped and US tariffs stand.
Chinese filed an appeal to the WTO against US tariffs against Cheap Chinese Tires that were found to be dumped.
China Hoarding: taxes, fees and export restraints create implicit subsidies and reduce competition, depite their agreement to be bound by WTO fair trading rules.
Intellectual Property rights are the basis for commerce, and recent trade cases place President Obama in a position between his largest supporters, his largest creditors, and in a harsh spotlight. Will he be complicit with Chinese abuse of Intellectual Property Rights? Or will he protect American rights, jobs, and interests?